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| Visions & Revisions |
Where Credit Is Due
03/01/2007
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And you have other ventures in the works?I had a chance meeting in November 2005 with Franck Riboud, the chairman and
CEO of Groupe Danone, and I proposed a Danon company in Bangladesh. I suggested
we make yogurt—but fortified yogurt for children who suffer from
malnutrition—and then sell it at a price their parents could afford. He came for
the launch of the factory and brought French soccer star Zinedine Zidane, who is
such a big star in Bangladesh. The whole country was glowing over the fact that
Zidane was there. We are currently working on some refinements. The yogurt
cups are biodegradable, made of cornstarch, but I would like them to also be
edible. There is a small amount of plastic in the material now that keeps the
cups from being edible, but they are researching the technology.
We are happy
to do joint ventures in all kinds of social businesses, or encourage companies
to do it on their own. For all of the problems we grumble about that never get
solved, I say, “Build up a company.” There could even be a stock exchange that
trades social businesses—but you invest to do good and get your money back, not
to make a profit. Photograph by Terry O’Neil.
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