Tom's of Maine

Well, if you have not heard by now, Tom's of Maine is selling an 84% stake of the business to Colgate-Palmolive. For some time, I've been planning on a quick article of Tom's of Maine for Incspiration. Tom's has a reputation for inspiration - from the company's dedication to health, the environment and natural living to building a wonderful, family-like work environment.

My first thought on the news of the possible sale - and why I haven't written about it until now - was thoughts of disappointment. How could a company and its leadership that I look up to, "sell out"? After careful consideration, I came to realize that this move isn't one to worry about, if for no other reason than the fact that it is too early to worry about one of my corporate heroes. More importantly, Tom and Kate gave us their word that they've done the right thing for all. Based on their history, I should think we would give them a little slack.

Tom's of Maine is a wonderful example of Incspiration. Building a business on $5000 borrowed funds from a friend is inspiring but even more so when the business is built around customers health and health of the environment first before profits. Other ways Tom's has inspired us is in their dealings with their associates. Tom's is a wonderful place to work and has built over 200 jobs for folks in the small town of Kennebunk, ME. Finally, Tom Chappell continued to inspire by seeking a Theology degree from Harvard. His life and his work are intertwined and he recognizes the importance of a company having a good soul. Tom gives a nod to profit in his book "The Soul of a Business, Managing for Profit and the Common Good" but has recognized that success for any company over the long term is predicated on being true to the greater good of mankind and the planet.

Sources: www.tomsofmaine.com, www.wsj.com, Fast Company "God and Mammon at Harvard", May 2005