Recently, Marc Lifsher wrote this story for the Los Angeles Times regarding California’s new “Benefit Corporation Law”. He reports that “Chief executives, led by Yvon Chouinard, the founder of Patagonia, a 56-year-old seller of outdoor apparel and equipment based in Ventura County, marched into the secretary of state’s office shortly after it opened Tuesday morning.” So who won the race to be the first California benefit corporation?

I contacted the Secretary of State’s office last week and was told that first place belongs to THE IDEAL WORLD. I won’t say that this is an honor because I have serious concerns about the benefit corporation legislation.