Hobby Lobby founder David Green giving away company because he ‘chose God’

at $1.2 billion, may have saved himself from paying more than $700 million in capital gains taxes by transferring 98% of Patagonia’s shares to a nonprofit.David Green

“So we’re stewarding our company and, therefore, our children come to work, and they get what they earn… it’s a paradigm change from ownership that can really wreck a family.”Green said that he grew uncomfortable with the idea of a business owner selling the firm and “keep[ing] the profits for yourself and your family.”“Well-meaning attorneys and accountants advised me to simply pass ownership down to my children and grandchildren.

He recalled a period in the 1980s when “I nearly lost the business” after having “grown proud thinking that I had the Midas touch.”

God doesn't have hobbies?

Still have absolutely no idea what this store sells?

That evil sonuva… Wait, what?

Indonesia Berita Terbaru, Indonesia Berita utama

Similar News:Anda juga dapat membaca berita serupa dengan ini yang kami kumpulkan dari sumber berita lain.

Hobby Lobby CEO David Green gives away company: 'Wealth can be a curse'Green said he strives to be a steward instead of an owner. I sense his wife is looking for a divorce.. What a weird guy.
Sumber: fox7austin - 🏆 594. / 51 Baca lebih lajut »