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    <loc>https://www.ethicalexits.com/episodes</loc>
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    <lastmod>2026-03-29</lastmod>
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    <loc>https://www.ethicalexits.com/episodes/buying-a-business-explained</loc>
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    <lastmod>2026-03-29</lastmod>
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      <image:title>Episodes - M&amp;amp;A for the Rest of Us: What No One Ever Told You About Buying a Business - Kari Doherty, Impact Acquisition Partner, Up &amp; Over Advisors</image:title>
      <image:caption>What if the biggest opportunity in business is the one nobody ever taught you? In this episode of Ethical Exits, Hannah sits down with Kari Doherty to unpack one of the most overlooked paths to entrepreneurship: buying a business. Most people are taught there are only two options—start something or work for someone else. But there’s a third path hiding in plain sight, and it’s becoming more important than ever. Because right now, millions of small businesses are approaching a transition point… and most won’t sell—they’ll simply close. Not because they aren’t viable. But because the system isn’t built to support what happens next. What You’ll Learn The Third Path to Ownership Why buying a business is more accessible than people think—and why most people never consider it The Coming Wave of Business Transitions What the “Silver Tsunami” means for founders, employees, and local economies Why Good Businesses Disappear The real reasons most businesses never sell—even when owners are ready to move on What No One Explains About Deals A simple breakdown of how acquisitions actually work, including seller financing The Bottleneck No One Talks About Why buyers are ready, sellers are tired, and still… deals don’t happen M&amp;A as a Tool for Impact How acquisitions can preserve businesses, create jobs, and shift ownership into more diverse hands About Kari Doherty Kari Doherty is an impact entrepreneur, operator, and advisor with over a decade of experience supporting mission-driven businesses. She has built and exited her own company and is deeply embedded in the impact ecosystem through her work with B Local PDX, Accelerate Women, and Portland State University’s Impact Ventures Fund.  To learn more about Kari’s work check out Up &amp; Over Advisors, or connect with her, reach out on LinkedIn. ____________________________________________________ At Ethical Exits, we champion profit-for-purpose capitalism—leveraging business as a force for scaling philanthropy and meaningful change. In each episode, we ask guests to highlight a cause close to their heart. For Kari, she highlights Xcelerate Women a Portland-based organization supporting women and gender-expansive entrepreneurs through coaching, mentorship, and community-driven business growth.  Learn more or support their work: xceleratewomen.org</image:caption>
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    <loc>https://www.ethicalexits.com/episodes/valuation-risk-seller-regret</loc>
    <changefreq>monthly</changefreq>
    <priority>0.5</priority>
    <lastmod>2026-03-29</lastmod>
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      <image:loc>https://images.squarespace-cdn.com/content/v1/6695a32f9748c73e04a6bc36/06c958cc-5cb2-4136-8769-6e3378257d62/Judy+NEW.png</image:loc>
      <image:title>Episodes - Valuation, Risk, and the Truth About Seller Regret - Judy Park, Founder, Umpirical Advisors</image:title>
      <image:caption>What does it actually mean to be “ready” to sell your business? In this episode of Ethical Exits, Hannah sits down with Judy Park, CMAA, a certified M&amp;A advisor known for her meticulous attention to detail and deep transactional experience across 50+ successful closings and more than $100 million in deal volume. But this conversation goes beyond spreadsheets. Judy introduces one of the most important framing devices in M&amp;A: Buyers buy futures. Sellers sell history. Founders often value their companies based on sacrifice, identity, and years of effort. Buyers, meanwhile, are underwriting projected cash flows, risk, and uncertainty. That gap, between emotional value and financial underwriting, is where seller regret is born. Together, Hannah and Judy explore: • The most common seller readiness gaps • Why overly polished financials can actually erode trust • How buyers assess risk beyond EBITDA • The role of transparency in strengthening valuation • Why earn-outs, seller notes, and transition periods matter • How ethical deal design creates post-close confidence This episode is a practical guide for founders who want to exit without losing what made their business matter in the first place. Because a good deal doesn’t just close. It lets both sides sleep six months later.  To learn more about Judy’s work check out Umpirical Advisors, or connect with her, reach out on LinkedIn. ____________________________________________________ At Ethical Exits, we champion profit-for-purpose capitalism—leveraging business as a force for scaling philanthropy and meaningful change. In each episode, we ask guests to highlight a cause close to their heart. For Judy, she highlights Korean Community Service (KCS) — an organization supporting Korean and immigrant communities through economic empowerment, small business support, and access to critical social services.  Learn more or support their work: kcsny.org</image:caption>
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  <url>
    <loc>https://www.ethicalexits.com/episodes/recovery-hardware</loc>
    <changefreq>monthly</changefreq>
    <priority>0.5</priority>
    <lastmod>2026-02-21</lastmod>
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      <image:loc>https://images.squarespace-cdn.com/content/v1/6695a32f9748c73e04a6bc36/eaf727d5-8a4d-487b-8cac-48bec9d3e606/Gina+NEW.png</image:loc>
      <image:title>Episodes - Recovery Hardware: Building &amp;amp; Selling a Business That Heals - Gina Schaefer, Retired CEO, Ace Hardware</image:title>
      <image:caption>What does it actually look like to build a business that heals and then sell it without breaking what made it matter? In this episode of Ethical Exits, Hannah sits down with Gina Schaefer, founder and retired CEO of a $50M, 13-location Ace Hardware business based in Washington, DC. Gina didn’t set out to build a movement. She opened a hardware store to pay a mortgage after she was laid off and serve her neighborhood. But a single, practical decision—removing the felony checkbox from job applications—quietly reshaped the culture of the business, the lives of its employees, and the legacy it would leave behind. Years later, the community gave the business a name Gina never would have chosen for herself: Recovery Hardware. This episode explores how culture is built through decisions, not decks—and how selling a business can be a joyful opportunity to amplify what it has already become. To learn more about Gina’s work, hire her as your keynote speaker, or order her book, visit her website or connect with her on LinkedIn. ____________________________________________________ At Ethical Exits, we champion profit-for-purpose capitalism—leveraging business as a force for scaling philanthropy and meaningful change. In each episode, we ask guests to highlight a cause close to their heart. For Gina, that cause is Rasa Legal — a nonprofit using technology to help people expunge criminal records and remove barriers to employment, housing, and opportunity. Rasa Legal’s work directly extends the values Gina lived inside her business. Creating second chances, restoring dignity, and expanding access to economic participation.  Learn more or support their work: https://rasa-legal.com/</image:caption>
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  <url>
    <loc>https://www.ethicalexits.com/episodes/from-kale-to-data-node</loc>
    <changefreq>monthly</changefreq>
    <priority>0.5</priority>
    <lastmod>2026-01-27</lastmod>
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  <url>
    <loc>https://www.ethicalexits.com/episodes/silver-tsunami-better-buyers</loc>
    <changefreq>monthly</changefreq>
    <priority>0.5</priority>
    <lastmod>2025-12-31</lastmod>
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      <image:loc>https://images.squarespace-cdn.com/content/v1/6695a32f9748c73e04a6bc36/1c281bc8-8e6d-46ca-a5c4-06e1910b14f9/Chris+Fredericks-+OLD.png</image:loc>
      <image:title>Episodes - The Next Evolution of Employee Ownership: Chris Fredericks and the Diversified ESOP Holding Company Model - Chris Fredericks, CEO of Empowered Ventures</image:title>
      <image:caption>With a career rooted in finance, strategic growth, and the belief that business can be a force for good, Chris Fredericks is redefining what happens after an exit. As founder and CEO of Empowered Ventures, he transformed a traditional specialty materials company into a fully employee owned firm through an ESOP in 2010. Ten years later, he launched the diversified holding company model to scale that ownership across multiple businesses, protect jobs, deepen wealth creation for employees, and keep prosperity local. Chris’ story starts in Indiana, where as CFO of TVF he saw firsthand both the dignity work can bring and the risk of concentrated ownership. He built a model focused on diversification, shared prosperity and long term thinking. In his words, employee ownership is not only a powerful exit strategy, it is a growth engine. It is a strategy where integration begins with a clear commitment to do no harm and where worker empowerment sits at the center of every acquisition. In this episode we dig into how ESOPs work, the trade offs among ESOPs, co-ops and EOTs, and how an empowerment first acquisition strategy can deliver both high performance and high purpose. To learn more about Chris’ work, visit Empowered Ventures or connect with him on LinkedIn. ______________________________________________________ At Ethical Exits, we champion profit-for-purpose capitalism—leveraging business as a force for scaling philanthropy and meaningful change. In each episode, we ask guests to highlight a cause close to their heart. For Chris, that cause is GiveDirectly — a direct-cash charity committed to data-driven cash transfers to people living in poverty; Chris says the most effective impact often comes when you trust people with resources, rather than impose more structure.</image:caption>
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  <url>
    <loc>https://www.ethicalexits.com/episodes/the-b-corp-founder-as-buyer</loc>
    <changefreq>monthly</changefreq>
    <priority>0.5</priority>
    <lastmod>2026-01-30</lastmod>
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      <image:loc>https://images.squarespace-cdn.com/content/v1/6695a32f9748c73e04a6bc36/9fe57481-b628-4a84-90c2-5b34af57ee18/Peter+G+%281%29.jpg</image:loc>
      <image:title>Episodes - The B Corp Founder as Buyer: When Purpose Shows Up as the Acquirer</image:title>
      <image:caption>With a career rooted in purpose-driven business, Peter Georgariou is helping redefine how values-aligned companies scale their impact through strategic growth. As the founder and CEO of Karma Dharma — a certified B Corp creative and strategy agency — Peter partners with charities, B Corps, and mission-driven organizations to build financially resilient businesses that create meaningful change. What began as a creative agency has evolved into a strategy and human transformation partner, supporting leaders who want to grow without sacrificing their values. Peter is now expanding that vision through acquisitions of values-aligned companies, building what he calls a “Deloitte for do-gooders” — a collaborative collective of purpose-driven agencies designed to scale impact while protecting the integrity of their work. At the heart of Peter’s philosophy is a simple but powerful belief: business can be a force for good when built on both purpose and profitability. Beyond Karma Dharma, he has launched projects like FindPeace, a spiritual wellness platform, and created spaces for individuals to reconnect with their inner wisdom. A storyteller at his core, Peter is also the voice behind the TEDx talk “The Anti-Roadmap: Why Your Path Teaches You How to Walk It,” which explores rejecting cookie-cutter formulas and trusting your own journey. Whether he’s leading a company, parenting two daughters, or guiding other founders through growth and transition, Peter is driven by a commitment to courage, compassion, and lasting impact. To learn more about Peter’s work, visit karmadharma.ca or connect with him on LinkedIn. ______________________________________________________ At Ethical Exits, we champion profit-for-purpose capitalism—leveraging business as a force for scaling philanthropy and meaningful change. In each episode, we ask guests to highlight a cause close to their heart. For Peter, that cause is Philadelphia FIGHT, a federally qualified health care provider in downtown Philadelphia. What began as an AIDS support organization in the 1980s now provides primary health care for thousands of marginalized people each year. As Peter shared, organizations like Philadelphia FIGHT are facing growing threats from funding cuts and policy shifts—changes that could deepen health care deserts across the U.S. Coming from Canada, where health care is treated as a right, Peter is deeply committed to supporting efforts that expand access for those who need it most.</image:caption>
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  <url>
    <loc>https://www.ethicalexits.com/episodes/eots-vs-esops-what-every-founder-should-know</loc>
    <changefreq>monthly</changefreq>
    <priority>0.5</priority>
    <lastmod>2026-01-30</lastmod>
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      <image:title>Episodes - EOTs vs ESOPs: What Every Founder Should Know - With a career at the forefront of employee ownership, Chris Michael has helped redefine how companies transition to their next chapter. As founder and managing director of EOT Advisors — the first financial services firm in the U.S. dedicated exclusively to Employee Ownership Trusts (EOTs) — he has guided more than 30 transactions, transferring nearly $750 million in assets to over 3,000 workers. Michael is widely recognized as the person who introduced the EOT model to the U.S., establishing it as a new financial, tax, and legal pathway for mission-driven owners who want to secure both legacy and employee prosperity. His thought leadership has appeared in leading publications such as Tax Notes and Probate &amp; Property, helping to shape the national conversation around ownership, equity, and wealth-building. In addition to his advisory work, Michael serves as a professor at Rutgers University, where he directs the Institute for the Study of Employee Ownership and Profit Sharing, furthering research and education in this growing field. His professional affiliations span the American Bar Association, Financial Planning Association, National Center for Employee Ownership, and more — reflecting the breadth of expertise he brings across law, finance, and economics. At the heart of Michael’s work is a conviction that employee ownership isn’t just a transaction — it’s a movement. By designing structures that keep companies independent, resilient, and worker-centered, he is proving that succession planning can be both financially sound and socially transformative. To explore Michael’s work and the future of Employee Ownership Trusts, visit eotadvisors.com or connect with him on LinkedIn. ______________________________________________________ At Ethical Exits, we champion profit-for-purpose capitalism—leveraging business as a force for scaling philanthropy and meaningful change. In each episode, we ask guests to highlight a cause close to their heart. For Chris, that cause is employee ownership itself—ensuring businesses can be transitioned into structures that protect mission and values for generations of workers. Instead of pointing to one organization, Chris encourages listeners to think about supporting the broader employee ownership movement—whether through philanthropic dollars directed to groups advancing this work, or by exploring how their own businesses might transition into an Employee Ownership Trust or Perpetual Purpose Trust.</image:title>
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  <url>
    <loc>https://www.ethicalexits.com/episodes/from-earth-mamas-to-perpetual-purpose-trust-brenna-davis-and-organically-grown-company</loc>
    <changefreq>monthly</changefreq>
    <priority>0.5</priority>
    <lastmod>2026-01-30</lastmod>
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      <image:loc>https://images.squarespace-cdn.com/content/v1/6695a32f9748c73e04a6bc36/cbdc824e-a54e-4c5f-9897-b9a413af33e4/6.png</image:loc>
      <image:title>Episodes - From Earth Mamas to Perpetual Purpose Trust: Brenna Davis and Organically Grown Company</image:title>
      <image:caption>With two decades of experience across seven industries and organizations ranging from $20M startups to $300B multinationals, Brenna Davis has built a track record of scaling companies while preserving trust, culture, and mission. Before joining OGC, she was on the executive team at PCC Community Markets — the nation’s largest cooperative grocer with $480M in revenue — where she helped double the store footprint while strengthening its mission focus on local and organic food. She oversaw social and environmental responsibility, communications, and public affairs, leading PCC to be recognized as the most sustainable retailer in the country, including a Fast Company World Changing Ideas honorable mention. Davis is also the author of the international bestseller Leading Through Fire: Resilient Leadership for People, Planet, and the Future, a guide for navigating complexity with clarity and courage that has resonated with executives and changemakers across industries. She combines her executive experience with a strong educational foundation: an M.S. in Management, a B.S. in Environmental Science, and advanced training in finance, systems thinking, and futures studies. Her hallmark is creating organizations that thrive financially, ethically, and sustainably — proving business can be both a powerful engine of prosperity and a force for good. To dive deeper into Brenna’s work, check out Leading Through Fire, her international bestselling book on resilient leadership, and visit brennadavis.com for more on her writing and speaking. You can also follow her leadership journey at organicallygrown.com or connect with her on LinkedIn. ______________________________________________________ At Ethical Exits, we champion profit-for-purpose capitalism—leveraging business as a force for scaling philanthropy and creating meaningful change. In every episode, we invite our guests to highlight a charity or organization that holds special significance to them and is making a real impact in solving global challenges. Brenna gives her time and support to the Purpose Trust Ownership Network, which helps companies adopt steward-ownership structures that keep mission locked in for generations. She’s equally passionate about Friends of Noise, a nonprofit dedicated to amplifying youth voices by providing safe, all-ages spaces for music and performance.</image:caption>
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  <url>
    <loc>https://www.ethicalexits.com/episodes/private-equity-toys-r-us-and-the-cost-of-growth-at-any-price</loc>
    <changefreq>monthly</changefreq>
    <priority>0.5</priority>
    <lastmod>2026-01-30</lastmod>
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      <image:loc>https://images.squarespace-cdn.com/content/v1/6695a32f9748c73e04a6bc36/44eaeb86-d065-4497-9050-9b8c70712666/4.jpg</image:loc>
      <image:title>Episodes - Rigged by Design: How Private Equity Killed Toys “R” Us</image:title>
      <image:caption>When Toys “R” Us shuttered its doors, the popular narrative pointed fingers at Amazon and the rise of online shopping. But the real story ran much deeper: one involving a leveraged buyout, billions in borrowed money, and a private equity playbook designed to extract value at all costs. In this episode, we break down exactly how the deal was structured, explaining private equity terms in plain language and revealing how the strategy left Toys “R” Us burdened with unsustainable debt — and why similar tactics are impacting other industries today. Whether you’re a founder, investor, or mission-driven buyer, you’ll come away with a clearer understanding of how capital moves behind the scenes, and how to structure growth so it protects your purpose instead of undermining it.</image:caption>
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  <url>
    <loc>https://www.ethicalexits.com/episodes/when-democracy-inherits-the-business-john-abrams-and-the-blueprint-for-the-commonwealth-company</loc>
    <changefreq>monthly</changefreq>
    <priority>0.5</priority>
    <lastmod>2026-01-30</lastmod>
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      <image:loc>https://images.squarespace-cdn.com/content/v1/6695a32f9748c73e04a6bc36/6ebef13f-b8b7-447b-8621-42e05501d862/Ethical+Exist+PodCast+Covers+%26+Logos+%283000+x+3000+px%29+%284%29.png</image:loc>
      <image:title>Episodes - When Democracy Inherits the Business: John Abrams and the Blueprint for the CommonWealth Company</image:title>
      <image:caption>John Abrams is a business leader, author, and longtime advocate for using business as a force for good. He co-founded South Mountain Company in 1973 and spent 50 years turning it into one of the nation’s first worker-owned B Corps—at one point, the highest-scoring B Corp in the world. Under John’s leadership, South Mountain became a model for participatory management, shared ownership, and triple-bottom-line success. Today, John helps other founders pursue similar transitions through Abrams+Angell, the consulting firm he runs with his partner, Kim Angell. Together, they support values-driven businesses exploring employee ownership and long-term impact. He is the author of From Founder to Future: A Business Roadmap to Impact, Longevity, and Employee Ownership (Berrett-Koehler, 2025), a forthcoming guide to building what he calls “CommonWealth Companies”—organizations that combine profit with purpose, ownership with accountability, and scale with soul. John also writes the blog The Companies We Keep, and is the author of two earlier books: The Company We Keep (2005) and Companies We Keep (2008), both still widely read in the EO community. When he’s not writing or advising, John continues to support cooperative conversions, sustainable building practices, and a more democratic economy for all. To learn more about John and his incredible work, visit Abramsangell.com or connect with him on LinkedIn. ______________________________________________________ At Ethical Exits, we champion profit-for-purpose capitalism—leveraging business as a force for scaling philanthropy and creating meaningful change. In every episode, we invite our guests to highlight a charity or organization that holds special significance to them and is making a real impact in solving global challenges. John supports the Kachuwa Impact Fund, a mission-driven investment fund that backs businesses and organizations building a more just, sustainable, and inclusive economy. Focused on long-term impact over short-term gain, Kachuwa invests in companies that prioritize social and environmental returns—proving that capital can serve community, not just shareholders.</image:caption>
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    <loc>https://www.ethicalexits.com/episodes/the-swim-school-that-said-no-to-pe-amp-yes-to-shared-wealth-purpose-and-a-thousand-year-trust</loc>
    <changefreq>monthly</changefreq>
    <priority>0.5</priority>
    <lastmod>2026-01-30</lastmod>
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      <image:title>Episodes - The Swim School That Said No to PE- And Yes to Shared Wealth, Purpose, and a Thousand-Year Trust</image:title>
      <image:caption>Miren Oca is the Founder and Director of Ocaquatics Swim School, a beloved, values-driven business based in Florida that teaches thousands of children to swim safely and confidently every year. A lifelong advocate for purpose-driven leadership, Miren has built her company on the pillars of safety, cleanliness, and care—extending those values to her team, customers, and broader community. Under her leadership, Ocaquatics has become not only a Certified B Corporation, but also one of the first U.S. swim schools to transition ownership to its employees through a Perpetual Purpose Trust, a unique structure that protects the company’s mission and ensures it thrives for generations to come. To learn more about Miren and her incredible work, visit ⁠Ocaquatics.com⁠ or connect with her on⁠ LinkedIn.⁠ __________________________________________________ *At Ethical Exits, we champion profit-for-purpose capitalism—leveraging business as a force for scaling impact and creating meaningful change. In every episode, we invite our guests to highlight a cause or organization that’s close to their heart. We encourage you, our listeners, to explore these causes and consider supporting their important work* Miren supports ⁠1% for the Planet⁠, a global movement inspiring businesses and individuals to commit at least 1% of annual sales to environmental causes. By connecting donors with vetted nonprofits, 1% for the Planet accelerates smart environmental giving and drives real-world change for the planet we all share.</image:caption>
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    <loc>https://www.ethicalexits.com/episodes/osxaitjkqa43ra54ctjlxzuaxqp9k5</loc>
    <changefreq>monthly</changefreq>
    <priority>0.5</priority>
    <lastmod>2026-01-30</lastmod>
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      <image:title>Episodes - Was It a Sellout or a Smart Exit? The New Belgium Brewing Debate</image:title>
      <image:caption>In this episode of Ethical Exits, co-hosts Hannah and Caitlin discuss the complex, headline-making sale of New Belgium Brewing. Known for its iconic Fat Tire Ale and its pioneering commitment to employee ownership and sustainability, New Belgium was once a model for purpose-driven business. But when the company sold to Kirin—a multinational with ties to Myanmar’s military regime—the impact world took notice. Through this candid, guest-free conversation, we unpack: The rise and radicalism of New Belgium’s culture The pressure cooker of scaling with an ESOP The ethical cost of choosing the wrong buyer And why the path to an "ethical exit" is rarely clear-cut If you’re a founder, employee, or advisor wrestling with the trade-offs of impact, legacy, and liquidity, this episode is a must-listen. Because sometimes, the hardest part of an ethical exit is defining what “ethical” actually means.</image:caption>
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    <loc>https://www.ethicalexits.com/episodes/jim-black-from-big-law-to-big-impact-building-exits-that-protect-your-mission</loc>
    <changefreq>monthly</changefreq>
    <priority>0.5</priority>
    <lastmod>2026-01-30</lastmod>
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      <image:title>Episodes - From Big Law to Big Impact — Building Exits That Protect Your Mission</image:title>
      <image:caption>Jim Black is a triple-bottom-line founder and seasoned legal advisor dedicated to helping B Corps, public benefit corporations, and other mission-driven companies achieve their social and environmental goals. A former BigLaw M&amp;A partner and General Counsel with over 25 years of top-level experience, Jim now works closely with impact-driven businesses, advising on corporate and commercial matters and serving as a strategic advisor to founders and executive teams — often in an Outside General Counsel role. Deeply engaged in the mission-driven business community, Jim serves as the Events Chair for B Local Mid-Atlantic and is an active member of Real Leaders, Small Giants, The Bloom, the Global Alliance of Impact Lawyers, the American Council on Germany, and the ABA’s Corporate Social Responsibility and Middle Market and Small Business Committees. To learn more about Jim and his mission-driven legal work, visit ⁠impactgclaw.com⁠ or connect with him on ⁠LinkedIn⁠. If you're navigating a business transition and looking for guidance on protecting your company's mission and legacy, you can start a conversation with the ImpactGC team [here]. *At Ethical Exits, we champion profit-for-purpose capitalism—leveraging business as a force for scaling philanthropy and creating meaningful change. In every episode, we invite our guests to highlight a charity or organization that holds special significance to them and is making a real impact in solving global challenges. We encourage you, our listeners, to explore these causes and consider supporting their important work* Jim highlights two organizations close to his heart: the Innocence Project, which works to exonerate wrongfully convicted individuals, and the Human Rights Campaign (HRC), one of the nation's leading LGBTQ+ advocacy groups, where he has volunteered and supported legal initiatives for nearly two decades. At the same time, Jim shares that, for him, the most powerful form of impact is building and scaling mission-driven businesses themselves — demonstrating that a better, more equitable model of capitalism is possible. In his words, "Building businesses in this space is the most valuable thing we can do."</image:caption>
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    <loc>https://www.ethicalexits.com/episodes/stacey-smith-why-employee-ownership-is-the-best-kept-secret-in-business</loc>
    <changefreq>monthly</changefreq>
    <priority>0.5</priority>
    <lastmod>2026-01-30</lastmod>
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      <image:loc>https://images.squarespace-cdn.com/content/v1/6695a32f9748c73e04a6bc36/aacab077-0213-4f6e-bd55-bab8fe46d6ab/Ethical+Exist+PodCast+Covers+%26+Logos+%287%29.png</image:loc>
      <image:title>Episodes - Why Employee Ownership Is the Best Kept Secret in Business</image:title>
      <image:caption>Stacey Smith has dedicated her career to helping businesses align their operations with their values, with a focus on social and environmental impact. She began her professional journey as a CPA at Arthur Andersen, where she gained deep financial expertise before pivoting into strategy and organizational development. Driven by a desire to apply her skills toward meaningful change, she became an early advocate for corporate sustainability and responsibility in the U.S. In 2001, Stacey joined Business for Social Responsibility, where she spent a decade advising Fortune 500 companies on reducing harm and embedding sustainable practices into their operations. More recently, she has worked alongside nonprofits and foundations to strengthen their strategic direction, governance, and organizational management—engaging in efforts to address systemic barriers to wealth and break cycles of poverty through her work with the Public Equity Group and her own consulting practice. Today, at Project Equity, Stacey is helping lead the charge in expanding employee ownership nationwide—growing a team of professionals committed to building economic resilience, quality jobs, and community wealth through broad-based business ownership. Stacey holds a degree in Business Administration from the University of Vermont and pursued international business studies at the University of Copenhagen. Outside of work, she enjoys hiking the trails of the Bay Area, exploring new restaurants, and spending time with her family. To learn more about Stacey and her inspiring work, visit ⁠project-equity.org⁠, or connect with her on⁠ LinkedIn.⁠ To explore employee ownership as a potential path for your business, or to schedule a conversation with the Project Equity team, click ⁠here. *At Ethical Exits, we champion profit-for-purpose capitalism—leveraging business as a force for scaling philanthropy and creating meaningful change. In every episode, we invite our guests to highlight a charity or organization that holds special significance to them and is making a real impact in solving global challenges. We encourage you, our listeners, to explore these causes and consider supporting their important work* Stacey shared Project Equity itself as her cause of choice—a national nonprofit working to scale employee ownership and unlock its power to create economic resilience for workers, communities, and business owners. As a 501(c)(3), Project Equity relies on the support of donors and grantmakers to continue this transformative work.⁠</image:caption>
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  <url>
    <loc>https://www.ethicalexits.com/episodes/2024-recap-top-guest-moments</loc>
    <changefreq>monthly</changefreq>
    <priority>0.5</priority>
    <lastmod>2026-01-30</lastmod>
    <image:image>
      <image:loc>https://images.squarespace-cdn.com/content/v1/6695a32f9748c73e04a6bc36/fdd7f3c5-f1c1-4355-a7fa-0c4c16fa3c18/Ethical+Exist+PodCast+Covers+%26+Logos+%287%29.png</image:loc>
      <image:title>Episodes - 2024 Recap: Top Guest Moments - As we kick off 2025, we’re looking back at the most powerful insights from our guests—mission-driven entrepreneurs, thought leaders, and experts who have navigated ethical exits and used M&amp;A as a force for good. From founders staying true to their values to those embracing employee ownership models, this episode highlights the biggest takeaways on selling, scaling, and exiting with integrity. Whether you're new to the podcast or a longtime listener, it’s the perfect recap to catch up, get inspired, and dive deeper. Featured Guests (2024 Episodes, Highlighted in This Recap):  Sarah Holdeman – COO &amp; Co-Founder, The Impact Collective (helping purpose-driven businesses amplify their social and environmental impact).  David Kahl – Founder &amp; Former CEO, Fully (a furniture brand specializing in ergonomic office solutions).  Bonnie Coberly – Founder &amp; Former CEO, Healthy Bites (an organic meal delivery service).  Cameron Madill – Former CEO, PixelSpoke (a worker-owned B Corp marketing agency serving credit unions).  Mackey McNeill – Founder, MACKEY (a fractional CFO firm supporting entrepreneurs and business owners).  Josh Knauer – Co-Founder, ReSeed.farm (a full-service carbon solution provider helping smallholder farmers monetize farm-based carbon credits on the global market). Join us as we revisit their insights, reflect on key lessons, and set the stage for more impactful conversations in 2025.</image:title>
    </image:image>
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  <url>
    <loc>https://www.ethicalexits.com/episodes/interview-josh-knauer</loc>
    <changefreq>monthly</changefreq>
    <priority>0.5</priority>
    <lastmod>2026-01-30</lastmod>
    <image:image>
      <image:loc>https://images.squarespace-cdn.com/content/v1/6695a32f9748c73e04a6bc36/bb245872-5962-4fe3-98e4-347c9547f1b6/13.png</image:loc>
      <image:title>Episodes - Hacking Capitalism for a Better Future</image:title>
      <image:caption>Josh Knauer is a social entrepreneur, technologist, and speaker with over 25 years of experience leading successful organizations in both the non-profit and for-profit sectors. Known for his ability to identify emerging technological trends that benefit society and the environment, Josh has raised over $12 million from investors and successfully sold two startups to public companies. Currently, Josh is a Professor at Carnegie Mellon University and an Executive in Residence at Columbia University Technology Ventures/NYSERDA. Appointed by President Obama to the Council of Advisors on Science and Technology, Josh has been featured in Time, Fortune, and Wired, and has delivered keynote speeches at global conferences such as CES, SXSW, and Adweek. After selling Rhiza to Nielsen in 2017, where he served as Senior Vice President of Product and Strategy, Josh focused on integrating AI and data visualization into tools that empower businesses to make informed decisions. Prior to Rhiza, he founded Green Marketplace, later sold to Gaiam, and the EnviroLink Network, one of the internet's first environmental nonprofits. Josh is deeply committed to mentoring entrepreneurs creating socially and environmentally responsible businesses. Outside of his professional ventures, he enjoys gardening, hiking, and spending time with his wife, children, dogs, and chickens in Pittsburgh, PA. To learn more about Josh and his inspiring work, visit ⁠ReSeed⁠, ⁠JumpScale⁠, or his ⁠personal website⁠, and connect with him on ⁠LinkedIn⁠. To schedule a meeting with Josh, click ⁠here⁠. *At Ethical Exits, we champion profit-for-purpose capitalism—leveraging business as a force for scaling philanthropy and creating meaningful change. In every episode, we invite our guests to highlight a charity or organization that holds special significance to them and is making a real impact in solving global challenges. We encourage you, our listeners, to explore these causes and consider supporting their important work* Josh supports ⁠Grassroots Animal Rescue⁠, a compassionate organization dedicated to rescuing and rehabilitating animals in need. Grassroots Animal Rescue provides shelter, medical care, and loving homes for abandoned or mistreated animals, giving them a second chance at life. Through tireless efforts and community support, the organization advocates for the humane treatment of all animals and works to create a world where every animal is cared for and valued.</image:caption>
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  <url>
    <loc>https://www.ethicalexits.com/episodes/interview-mackey-mcneill</loc>
    <changefreq>monthly</changefreq>
    <priority>0.5</priority>
    <lastmod>2026-01-30</lastmod>
    <image:image>
      <image:loc>https://images.squarespace-cdn.com/content/v1/6695a32f9748c73e04a6bc36/b3ad8521-f86a-4a31-8813-1b675c1d44a2/Ethical+Exist+PodCast+Covers+%26+Logos+%286%29.png</image:loc>
      <image:title>Episodes - Following Your Intuition to Rebuild with Values - Meet Mackey McNeill, the mastermind behind MACKEY and The Prosperity People, the CFO firm for owners and founders.   As a CPA, PFS, and award-winning author of The Prosperity Playbook and The Intersection of Joy and Money, Mackey brings a refreshing perspective gained from helping thousands of entrepreneurs achieve the three freedoms of prosperity – mind, time, and money freedom. Her wisdom has graced the pages of INC magazine, The Wall Street Journal, The New York Times, Money, and more. MACKEY, was one of the first certified B Corps in its region, is a 5-time Real Leaders Impact Award Winner, scored a seat on the INC 5000 in 2022, and received INC Power Partners awards in 2023 and 2024. When she's not helping others achieve their financial aspirations, you'll find Mackey at her permaculture homestead, RedSunflower Farm, cooking from her garden, exploring the woods, or cherishing time with her grandchildren. To learn more about Mackey and her inspiring work, visit ⁠MackeyMcNeill.com⁠ or connect with her on ⁠LinkedIn⁠. For speaking engagements or other inquiries, please email ⁠⁠hello@mackeyadvisors.com⁠.⁠</image:title>
      <image:caption>*At Ethical Exits, we champion profit-for-purpose capitalism—leveraging business as a force for scaling philanthropy and creating meaningful change. In every episode, we invite our guests to highlight a charity or organization that holds special significance to them and is making a real impact in solving global challenges. We encourage you, our listeners, to explore these causes and consider supporting their important work* Mackey supports the ⁠American Civil Liberties Union (ACLU)⁠, an organization dedicated to protecting and expanding civil liberties for all. The ACLU fights tirelessly for issues such as reproductive freedom, voting rights, and racial justice, advocating for a society where every individual’s rights are respected and upheld. By taking on pivotal legal battles and advancing critical policies, the ACLU empowers communities and defends fundamental freedoms.</image:caption>
    </image:image>
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    <loc>https://www.ethicalexits.com/episodes/cameronmadill</loc>
    <changefreq>monthly</changefreq>
    <priority>0.5</priority>
    <lastmod>2026-01-30</lastmod>
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      <image:loc>https://images.squarespace-cdn.com/content/v1/6695a32f9748c73e04a6bc36/ec5afd9d-0718-4c57-a812-072f72111cc1/Cameron-+04.png</image:loc>
      <image:title>Episodes - Transforming Exits into Impact: The Case for Employee Ownership</image:title>
      <image:caption>Cameron Madill is a renowned social impact entrepreneur with experience in building and scaling organizations, focusing on relationship development and positive psychology. In 2020, he transitioned ownership of PixelSpoke, an award-winning digital marketing agency, to his employees, exemplifying a co-op model where entrepreneurs, employees, and stakeholders benefit. Since January 2024, Cameron has taken on a coaching and advisory role at PixelSpoke, now supporting entrepreneurial couples in fostering intentional relationships and family growth. Recognized with honors such as the Global Citizen of the Year award from the Entrepreneurs’ Organization and Portland Business Journal’s 40 Under 40, Cameron is also a B Economy Leader for his community efforts. He is currently pursuing a master’s in Positive Psychology at the University of Pennsylvania and lives in Portland, Oregon, with his wife, Anna Madill, and their young son.</image:caption>
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  <url>
    <loc>https://www.ethicalexits.com/episodes/interview-bonnie-coberly</loc>
    <changefreq>monthly</changefreq>
    <priority>0.5</priority>
    <lastmod>2026-01-30</lastmod>
    <image:image>
      <image:loc>https://images.squarespace-cdn.com/content/v1/6695a32f9748c73e04a6bc36/1ad10938-e548-4c4e-b817-bb927219f78b/Bonnie-+03.png</image:loc>
      <image:title>Episodes - Navigating Betrayal with Clarity of Purpose - Bonnie Coberly is an executive health coach, breathwork practitioner, speaker and consultant with more than 15 years of experience as an entrepreneur. Her driving desire to support the well-being of others while reimagining the critical role of business in solving big challenges have fueled her professional path. Prior to starting her coaching and consulting practice, Soul Fire Strategies, Bonnie combined her deep passion for the organic and regenerative agriculture movement with her health coaching background to found and scale the first organic prepared meal delivery service in the Washington DC metro area. After 7 years of operation and expansion, she exited through an acquisition by a mission-aligned company expanding to multiple city markets.</image:title>
    </image:image>
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  <url>
    <loc>https://www.ethicalexits.com/episodes/interview-david-kahl</loc>
    <changefreq>monthly</changefreq>
    <priority>0.5</priority>
    <lastmod>2026-01-30</lastmod>
    <image:image>
      <image:loc>https://images.squarespace-cdn.com/content/v1/6695a32f9748c73e04a6bc36/da1b1f1d-d713-445f-9a0b-fa86762bbda3/David-+02+RS.png</image:loc>
      <image:title>Episodes - Scaling with Purpose, Exiting with Intention: David’s $100M B Corp Journey - David Kahl is an entrepreneur, executive coach, and heart-driven changemaker. As the founder and CEO of Fully, he grew the company into a $100+ million e-commerce enterprise, while creating a compassionate culture of inclusivity and social responsibility. Fully was the largest B-Corp furniture company in the world, and was purchased by MillerKnoll in 2019. Drawing upon his experience in business leadership, executive coaching, and over 25 years of meditation practice, he now channels his expertise into guiding individuals and groups through transformative psychedelic experiences within Oregon's legal psilocybin framework. David creates safe spaces for exploration, healing, and personal growth, empowering clients to tap into their inner wisdom, embrace their authenticity, cultivate resilience, and live lives of purpose and fulfillment.</image:title>
    </image:image>
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    <loc>https://www.ethicalexits.com/episodes/interview-sarah-holdeman</loc>
    <changefreq>monthly</changefreq>
    <priority>0.5</priority>
    <lastmod>2025-06-26</lastmod>
    <image:image>
      <image:loc>https://images.squarespace-cdn.com/content/v1/6695a32f9748c73e04a6bc36/31fe09ff-5c3f-414c-a52b-9d51a7b78334/Sarah-+01.png</image:loc>
      <image:title>Episodes - Blueprint for Impact: Building and Exiting an Ethical Business - Make it stand out</image:title>
      <image:caption>Hollie Beaumont</image:caption>
    </image:image>
  </url>
  <url>
    <loc>https://www.ethicalexits.com/episodes/episodezero</loc>
    <changefreq>monthly</changefreq>
    <priority>0.5</priority>
    <lastmod>2026-01-30</lastmod>
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      <image:loc>https://images.squarespace-cdn.com/content/v1/6695a32f9748c73e04a6bc36/5a348a74-04b4-4b24-8ae6-feddb9ff95e1/Episode+Zero.png</image:loc>
      <image:title>Episodes - Episode Zero - In this kickoff episode, your hosts, Caitlin Corrigan and Hannah Sandmeyer, dive into the premise of our podcast, exploring what inspired us to start this journey and who we’ve created it for. Whether you’re an entrepreneur, a leader in the B-Corp space, or someone passionate about making a positive impact, this podcast is for you. We also give you a sneak peek into our very first guest interview with Sarah Holdeman, Vice Chair of B Local PDX and COO of The Impact Collective. Join us as we set the stage for the conversations and stories that lie ahead!</image:title>
    </image:image>
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    <loc>https://www.ethicalexits.com/episodes/category/Purpose-Driven+Business</loc>
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  <url>
    <loc>https://www.ethicalexits.com/episodes/category/Leadership+%26+Culture+Integration</loc>
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    <loc>https://www.ethicalexits.com/episodes/category/Leadership+%26+Company+Culture</loc>
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    <loc>https://www.ethicalexits.com/episodes/category/Seller+Readiness</loc>
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    <loc>https://www.ethicalexits.com/episodes/category/B+Corp+Growth+Strategies</loc>
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    <loc>https://www.ethicalexits.com/episodes/tag/PurposeDrivenBusiness</loc>
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