New York associate Rob Esposito was quoted in a Chicago Tribune article titled, “Techweek replaces Katy Lynch as CEO.” The article discussed Techweek’s decision to replace CEO Katy Lynch as CEO and change its structure to that of a benefit corporation.

“To become a benefit corporation, Techweek will have to clearly state its social or environmental goals, and it will be accountable for annual or biannual reports on its impact results,” said Rob.

“There are no tax benefits to becoming a benefit corporation, he said, but some companies do so because it can help their image. Some believe such companies do better attracting millennial employees, impact investors or even firms that would consider acquiring them,” he added.

Read Techweek replaces Katy Lynch as CEO, here.