Alternative Energy: Ushering the New Era of Corporate Governance?

Facts matter: Sign up for the free Mother Jones Daily newsletter. Support our nonprofit reporting. Subscribe to our print magazine.


Over at the MoJo blog, David Corn highlights the symbolic statement President Obama made Tuesday afternoon when he signed the stimulus package into law at the Denver Museum of Nature and Science.

The museum draws its power from solar panels, installed by Namaste Solar Electric, a small, progressively minded company based in Boulder, Colo. But the most intriguing thing about Namaste isn’t that the president signed the stimulus package, which includes billions for renewable energy, under a roof lined with the company’s product.

What intrigues me most about Namaste is the business structure that governs the company: Namaste is employee-owned, with every employee given the chance to purchase a stake in ownership, and each owner receiving the same salary and power in decision-making.

Cynics might call it socialism masked as capitalism. But the company is about making money, and one benefit of giving everyone an equal stake—and salary—in the company is that the employee pool would by nature include only those most passionate about the company’s mission. The business model is exciting, and the fact that Namaste’s president, Blake Jones, was present at the signing shows the Obama Administration approves of the company’s mission. If the model catches on, it could transform the way renewable-energy start-ups govern themselves. But I do have two questions: Is there a point where too many employee-owners will bog down the decision-making process? And can those smaller companies sustain the growth the stimulus package, with its billions for the renewable-energy sector, will create?

THE TRUTH...

is the first thing despots go after. An unwavering commitment to it is probably what draws you to Mother Jones' journalism. And as we're seeing in the US and the world around, authoritarians seek to poison the discourse and the way we relate to each other because they can't stand people coming together around a shared sense of the truth—it's a huge threat to them.

Which is also a pretty great way to describe Mother Jones' mission: People coming together around the truth to hold power accountable.

And right now, we need to raise about $400,000 from our online readers over the next two months to hit our annual goal and make good on that mission. Read more about the information war we find ourselves in and how people-powered, independent reporting can and must rise to the challenge—and please support our team's truth-telling journalism with a donation if you can right now.

payment methods

THE TRUTH...

is the first thing despots go after. An unwavering commitment to it is probably what draws you to Mother Jones' journalism. And as we're seeing in the US and the world around, authoritarians seek to poison the discourse and the way we relate to each other because they can't stand people coming together around a shared sense of the truth—it's a huge threat to them.

Which is also a pretty great way to describe Mother Jones' mission: People coming together around the truth to hold power accountable.

And right now, we need to raise about $400,000 from our online readers over the next two months to hit our annual goal and make good on that mission. Read more about the information war we find ourselves in and how people-powered, independent reporting can and must rise to the challenge—and please support our team's truth-telling journalism with a donation if you can right now.

payment methods

We Recommend

Latest

Sign up for our free newsletter

Subscribe to the Mother Jones Daily to have our top stories delivered directly to your inbox.

Get our award-winning magazine

Save big on a full year of investigations, ideas, and insights.

Subscribe

Support our journalism

Help Mother Jones' reporters dig deep with a tax-deductible donation.

Donate