this post was submitted on 23 Nov 2024
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politics

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[–] fibojoly@sh.itjust.works 9 points 2 years ago (1 children)

Migros, in Switzerland. Literally a non profit chain of supermarkets. It can happen.

[–] dual_sport_dork@lemmy.world 6 points 2 years ago (1 children)

Also Bosch, technically, in a weird and roundabout way.

[–] frayedpickles@lemmy.cafe 2 points 2 years ago (1 children)
[–] dual_sport_dork@lemmy.world 6 points 2 years ago (1 children)

94% of Bosch is owned by the Robert Bosch Stiftung GmbH, which is a charitable organization. They take a significant fraction, nearly half, of the profits not reinvested back into the company or distributed to founding family members and use the money for philanthropic purposes. And for the record, the portion distributed to heirs is comparatively tiny, like a quarter of a percent overall.

Most of the profits are indeed reinvested back into the company, but for the purposes of R&D and keeping the lights on, not appeasing shareholders.

[–] frayedpickles@lemmy.cafe 1 points 2 years ago* (last edited 2 years ago) (1 children)

Very cool and good to know. Makes me feel better about those fucking buy it for life wiper blades I just spent too much money on. I'd argue still profit motivated but sounds like a relatively good company given capitalism.

Edit: big woof -- they apparently wrote, maintained, and distributed the fake-emissions-reporting systems used by VW and others. If thats not profit motivated then I don't think I can trust anything. Founder was a big trump supporter too, the wiki says Bosch parts were in every maga tank in the 1940s.

[–] Godwins_Law@lemmy.ca 1 points 2 years ago (1 children)

.... what is a maga tank....?

[–] frayedpickles@lemmy.cafe 1 points 2 years ago* (last edited 2 years ago)

The ones with the weird crosses with bent arms and lightning bolts on the side.