Arianna Huffington, RichardBranson, and twelve other CEOs and past business executives are uniting in aneffort to remake free enterprise by creating a “better version ofcapitalism, one that prioritizes people and planet over profit.”
The new group calls itself “theB team.”
“Plan A–the pursuit ofshort-term profit at the exclusion of everything else–isn’t working for anyone,”writesHuffington. “This is a moment of great possibility and opportunity for all ofus to play our part in course-correcting, and leveraging the best parts of thespirit of business and entrepreneurship to bring about fundamental changes tothe ways we do business–for the benefit of individuals, communities, andcompanies.”
Huffington’s involvement in the group’seffort to alter capitalism by putting people ahead of profits is likely torecall the 2011 progressive uproar that occurred when Huffington leveragedthe work of her mostly unpaid thousands of bloggers and cashed out by selling thewebsite to AOL. Union organizers and Huffington Post bloggers slapped AriannaHuffington with a $105 million class action lawsuit and vowed to make her “apariah in the progressive community.”
“In my view, the HuffingtonPost’s bloggers have essentially been turned into modern-day slaves on AriannaHuffington’s plantation,” saidlabor activist and former Huffington Post blogger Jonathan Tasini.
Tasini added: “She wantsto pocket the tens of millions of dollars she reaped from the hard work ofthose bloggers….This all could have been avoided had Arianna Huffington notacted like the Wal-Marts, the Waltons, Lloyd Blankfein, which is basically tosay, ‘Go screw yourselves, this is my money.'”
AOL bought Huffington Post for $315million.