Staff Blog
Today at 3:30: e3bank investor webinar
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Here's a rundown from Thompson's piece on what e3bank is all about:
We're sitting in an office on 17th and Locust where Wiggins and Baldassarre are showing me the simple PowerPoint presentation they use when making their case to potential investors. It doesn't start with pie charts and market potential. It starts with graphics of environmental and urban carnage: a miles-wide Chilean copper mine so toxic that three nearby towns had to be relocated; a crippled man on a street in China; an Earth laid waste.
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Wiggins and Baldassarre want to change [the] ground rules. They want to take an industry that has traditionally eschewed mindfulness and make it mindful, somehow working within the constraints of the same system that wrought the problems they hope to repair. To them, the financial world's narrow, profit-obsessed mentality for unending growth that undercut itself and wreaked havoc on the world economy is ultimately the same thing that financed projects that spewed billions of tons of carbon dioxide into the atmosphere and dumped toxic chemicals into water systems. From Baldassarre's perspective, banking is the force that has powered every project — nefarious or otherwise — in the past few hundred years, and the trick is to point that power in a different direction.
