Patagonia founder gives away apparel company to save Earth

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'Earth is now our only shareholder' Yvon Chouinard, founder of outdoor retailer Patagonia, hands over the company to a nonprofit dedicated to fighting climate crisis

UN says as well as climate financing to help countries recover and adapt, G20 nations should boost their national greenhouse gas emission reduction targets every year.

Yvon Chouinard, 83, could have sold the brand –– valued at $3 billion, according to The New York Times –– or taken it public.open letter posted to Patagonia's website"I never wanted to be a businessman," he explained. "I started as a craftsman, making climbing gear for my friends and myself, then got into apparel."

He, his wife and their two children agreed to transfer all of Patagonia's voting shares, or stock that gives the holder voting rights, in the company to a trust in charge of ensuring the brand's environmental values are respected.

 

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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. Figured the guy would be educated. At least this shows you can be easily manipulated, have no actual opinion, and use mainstream media 'facts' to live life and be rich. I'm surprised the billionaire elitist allowed this for earth !
Источник: FOXLA - 🏆 445. / 53 Прочитайте больше »

Patagonia Founder Gives Away $3 Billion Company To Fight Climate Change“Earth is now our only shareholder,” Yvon Chouinard wrote in an open letter. Trading has been always successful ever since I started trading all my bitcoin with tyronFXT his platform and signal are very much okay. I would advise you get in touch with him for more info tyronFXT W O W
Источник: YahooNews - 🏆 380. / 59 Прочитайте больше »

Billionaire No More: Patagonia Founder Gives Away the Company'Hey, friends, we just gave our company to planet Earth.' (Nice people Patagonia) vs. Right-Wing Dark Money Group Gets $1.6 Billion Donation From Tax-Dodging Business Mogul (Bad people hellbent on destroying this planet) patagonia The blood thirsty money hungry geed class gonna kill everything for centuries nytimes Okay
Источник: commondreams - 🏆 530. / 51 Прочитайте больше »

Patagonia Founder Gifts Entire Company to Fight Climate ChangeThe founder of Patagonia is handing over his company, valued at $3 billion, over to trusts and non-profit organizations focused on fighting climate change. True leadership by example My chin dropped! What’s the catch?
Источник: RollingStone - 🏆 483. / 51 Прочитайте больше »

Patagonia Founder Gives Away Entire Company To Fight Climate ChangeAll future Patagonia profits that aren’t reinvested into the company will go toward combating climate change, the company said, stripping founder Yvon Chouinard of his billionaire status. 👏🏼👏🏼👏🏼👏🏼👏🏼👏🏼👏🏼 Great article. 写7谢谢7777777777777谢谢77
Источник: Forbes - 🏆 394. / 53 Прочитайте больше »

Patagonia Founder Is Giving His Company Away in Pledge to Fight Climate ChangeRather than sell the company or take it public, Yvon Chouinard said the outdoor clothing brand he founded nearly 50 years ago will be owned by a trust and a nonprofit organization. Lame I read the wapo or nyt article (I forget which) and I was so impressed and grateful that I resolved to buy their products from now on; until I went to their website and remembered why I didn’t buy their stuff before. (Very pricey) Holdfast Collective, the nonprofit organization, owns 98% of the company and all of the nonvoting stock, which doesn’t give it decision-making authority. The Patagonia Purpose Trust owns 2% of the company and all of the voting stock. Voting stock matters.
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