Prof. McDonnell Quoted in Wall Street Journal on Lemonade IPO

Professor Brett McDonnell was quoted in a CFO Journal article in the Wall Street Journal on the recent public listing of Lemonade, Inc. Lemonade, an insurer, is organized as a public benefit corporation. The article quotes McDonnell on the requirements and reasons for being a benefit corporation. “This is our way, a way of committing to you: If you give us your money, we’re going to make some money,” he said. “But we’re also going to do good for the world.”