Page 92 - Forbes - USA (November 2019)
P. 92

Spotlight
                                                                                                          CRAFT

                                                                                                          SERVICES

                                                                                                          INSIDE ETSY’S DIY
                                                                                                          STANDARDS FOR GOOD
                                                                                                          CORPORATE GOVERNANCE.

                                                                                                          Etsy gave up its chance to be a certi-
      88                                                                                                  fied B Corp (meaning one that meets
                                                                                                          the highest standards in environmen-
                                                                                                          tal and social good) so as not to lose
       0                                                                                                  freedom and flexibility in what it does,
       0
       1                                                                                                  but it’s a new member of the Just 100

       T                                                                                                  anyway. It got there because it has a
       S
       U                                                                                                  carbon-offset program at checkout for
       J
                                                                                                          customers and because women make
       E
       H                                                                                                  up 87% of its merchants and 33% of
       T
                                                                                                          its engineering team, among other
       —
                                                                                                          reasons. “We’re working hard to prove
       T
       S                                                                                                  that we can be a great citizen and be
       I
       L                                                                                                  a great company at the same time,”

       E                                                                                                  says Etsy CEO Josh Silverman. “And
       H                                                                                                  candidly, if you can’t do both, where
       T
                                                                                                          are we as a society? It’s a pretty fatal-
                                                                                                          istic thought that you can’t be a profit-
                                                                                                          able and good company.”










                                         TREATMENT
                                                              TREATMENT
                                                   TREATMENT
                                                                                              202
                                                                                                                    77
                                                                                                        348
                  WORKER  TREATMENT  CUSTOMER  TREATMENT  COMMUNITY   ENVIRONMENTAL   SHAREHOLDER   82. ADP  CARLOS RODRIGUEZ  172      256
                                                                                           83. Ciena  GARY SMITH
                                                                                               91        174       368        173       444
              73. Vertex  JEFFREY LEIDEN                                                   84. American Express  STEPHEN SQUERI
                  110      232        393        160       147         Gail Boudreaux          137       751       237        35        183
                                                                         CEO, Anthem
              74. PSEG  RALPH IZZO                                                         85. General Mills  JEFF HARMENING
                 150       292        132        281       182       Shareholder              307       140        247        200        14
                                                                     treatment:
              75. Amazon  JEFF BEZOS                                 Since health insur-   86. Hershey  MICHELE BUCK
                                                                     ance industry vet Gail
                 273       28         98        235        278                                 172       44        465        252        69
                                                                     Boudreaux took over
                                                                     as Anthem’s chief
              76. Apache  JOHN CHRISTMANN IV                                               87. First Horizon  BRYAN JORDAN
                                                                     executive in 2017, the
                  62       747        316        574        18       stock has popped          72       467        360        577        50
                                                                     20%. With experi-
              77. Twilio  JEFF LAWSON                                ence turning around   88. Humana  BRUCE BROUSSARD
                                                                     United Healthcare’s
                  12       34         648        669       743       core business—under       261       128        114       151       231
                                                                     her time as its CEO
              78. Illumina  FRANCIS DESOUZA                          she took enrollments   89. Equinix  CHARLES J. MEYERS
                                                                     from a 4% decline to
                  27       251        575       346        366       4% growth—she’s got-      40       406         761       30        481
                                                                     ten plaudits from Wall
              79. Nielsen  DAVID KENNY                                                     90. Con Edison  JOHN MCAVOY
                                                                     Street and her peers
                                                                     alike. “Gail has a
                 252       122        245        156       54                                  84        114       481        510       128
                                                                     passion for improving
                                                                     healthcare outcomes
              80. Deere  SAMUEL R. ALLEN                                                   91. UPS  DAVID ABNEY
                                                                     while lowering the                                                              DAVID PAUL MORRIS/BLOOMBERG
                  98       29         620        215       283       cost of care and          816       6          3         103        57
                                                                     making it more acces-
              81. CDW  CHRISTINE LEAHY                               sible,” says Elizabeth   92. JLL  CHRISTIAN ULBRICH
                                                                     Tallett, the chair of
                 207       33         222        262       248       Anthem’s board.           157      602        179        90        214



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