Patagonia's Bold Move to Donate the Entire Company to Fight Climate Change Only Works If It Stays Competitive in Business, CEO Says

Norge Nyheter Nyheter

Patagonia's Bold Move to Donate the Entire Company to Fight Climate Change Only Works If It Stays Competitive in Business, CEO Says
Norge Siste Nytt,Norge Overskrifter
  • 📰 nbcbayarea
  • ⏱ Reading Time:
  • 16 sec. here
  • 2 min. at publisher
  • 📊 Quality Score:
  • News: 10%
  • Publisher: 51%

Patagonia's decision to donate the majority of the company's profits, which it expects to be approximately $100 million a year, comes amid a fierce debate about how politically and socially active businesses and business leaders should be.

If Patagonia had decided to take the company public or sold either a majority or minority stake in the company,"we had very little confidence in meeting with quite a few potential investors that the integrity of the company would be protected," Gellert said.

"With the family, it was never a conversation in two years," the Patagonia CEO said."It was not lost on us the tax benefit via the Gellert pointed out that the Patagonia founding family did pay $17.5 million on the 2 percent of stock that went into the Patagonia Purpose Trust.

Vi har oppsummert denne nyheten slik at du kan lese den raskt. Er du interessert i nyhetene kan du lese hele teksten her. Les mer:

nbcbayarea /  🏆 596. in US

Norge Siste Nytt, Norge Overskrifter

Similar News:Du kan også lese nyheter som ligner på denne som vi har samlet inn fra andre nyhetskilder.

'Don't Look Up' director McKay gives to climate activists'Don't Look Up' director McKay gives to climate activistsMovie director Adam McKay is donating $4 million to fund activists engaged in the climate fight.
Les mer »

Ross: Is Patagonia's sale to a non-profit shameless exploitation of a tax loophole?Ross: Is Patagonia's sale to a non-profit shameless exploitation of a tax loophole?Recently, the owner of Patagonia announced he would donate the whole company to a new non-profit organization that he set up. And this organization will collect and spend the company’s profits – on “social welfare.”
Les mer »

Record North Atlantic marine heat wave threatens marine lifeRecord North Atlantic marine heat wave threatens marine life'Almost every marine heatwave is warmer than the last because of ... climate change,' NOAA scientist says.
Les mer »

Time launches platform to help companies tackle climate changeTime launches platform to help companies tackle climate changeIt's an independent division within Time that doesn't sit within the company's newsroom or business department.
Les mer »

San Diego physician, company work together to donate prosthetic limbs to Ukrainian amputeesSan Diego physician, company work together to donate prosthetic limbs to Ukrainian amputeesLocal physician & company work together to donate prosthetic limbs to Ukrainian amputees. LIMBER Prosthetics & Orthotics creates 3D printed limbs for the amputees.
Les mer »



Render Time: 2025-03-16 05:34:34