Karma Capitalism

In Karma Capitalism, James Reed advocates for a new approach to business that emphasizes purpose and social impact, introducing the concept of PhilCos—philanthropic businesses where at least 10% of shares are owned by a charitable foundation. Drawing from his own experience and examples of successful companies, Reed offers practical guidance on establishing and sustaining PhilCos, highlighting their potential for enduring success, motivated employees, and positive societal influence. This book serves as both a manifesto and a guide, inspiring entrepreneurs and leaders to integrate philanthropy into their business models and redefine what it means to be a successful company.