[hn_throwaway_99]

As the article says, the PBC structure has never been tested in court, therefore this is all speculation at this point, so it seems a bit premature to despair.

Yes, a big benefit of a PBC is that you're not only beholden to increasing shareholder value - that's obviously inherent to the PBC model, and I think it could be used for both "good and bad". At the same time, PBCs need to say what their "public benefit" is, and (my understanding is that) they have fiduciary responsibility to others besides just shareholders. This, I imagine they could also be sued by people saying they aren't fulfilling their public benefit mission. Point being, PBCs have pros and cons, and it will take some court cases to find out where the line truly lies.