Patagonia founder Yvon Chouinard says he will give his company over to a trust, with future profits being donated to causes fighting climate change.
Patagonia founder Yvon Chouinard announced Wednesday he is giving his entire company away to a trust and a nonprofit.Patagonia founder Yvon Chouinard announced Wednesday he is giving his entire company away to a trust and a nonprofit.Patagonia founder Yvon Chouinard, who has previously expressed his reluctance at amassing wealth, is giving away his company.
He added,"Instead of extracting value from nature and transforming it into wealth, we are using the wealth Patagonia creates to protect the source. We're making Earth our only shareholder. I am dead serious about saving this planet."The Patagonia Purpose Trust will control all voting stock of the company , while the Holdfast Collective, a climate change nonprofit, will own all nonvoting stock .
One option was to sell it and donate the money, but Chouinard said he was concerned new owners might not hold the same values or keep the same employees. The other option was to become a publicly traded entity.
Norge Siste Nytt, Norge Overskrifter
Similar News:Du kan også lese nyheter som ligner på denne som vi har samlet inn fra andre nyhetskilder.
Patagonia founder Yvon Chouinard gives away company to combat climate changeFounder Yvon Chouinard said he will put 100% of the company’s voting stock into a trust.
Les mer »
Patagonia founder Yvon Chouinard gives away company to help fight climate changePatagonia founder Yvon Chouinard is transferring ownership of the company after nearly 50 years into 2 entities to help fight the climate crisis.
Les mer »
Patagonia founder Yvon Chouinard gives away company to help fight climate changePatagonia's founder is transferring ownership of the company after nearly 50 years into two entities that will help fight the climate crisis.
Les mer »
Patagonia founder Yvon Chouinard gives away company to help fight climate changePatagonia's founder is transferring ownership of the company after nearly 50 years into two entities that will help fight the climate crisis.
Les mer »
Patagonia founder Yvon Chouinard gives away company to help fight climate changePatagonia's founder is transferring ownership of the company after nearly 50 years into two entities that will help fight the climate crisis.
Les mer »
Patagonia founder Yvon Chouinard gives away company to help fight climate changePatagonia's founder is transferring ownership of the company after nearly 50 years into two entities that will help fight the climate crisis.
Les mer »