To be clear being a PBC doesn’t mean that BlueSky *must* do what’s in “the best interests of those materially affected by [it’s] conduct” only that it must balance those interests against the pecuniary interests of its stockholders and its public purpose set forth in its Charter. IOW…

PBC status does not obligate the D/Os to make any particular decision or prioritize any particular interest. Being a PBC does *not* guarantee that BlueSky will treat all (or any) of its stakeholders well. But it does require a process demanding D/Os “balance” the interests at stake. This requires…