News Formal

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

  • 📰 nbcbayarea
  • ⏱ Reading Time:
  • 16 sec. here
  • 2 min. at publisher
  • 📊 Quality Score:
  • News: 10%
  • Publisher: 51%

Россия Новости Новости

Россия Последние новости,Россия Последние новости

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.

Мы обобщили эту новость, чтобы вы могли ее быстро прочитать.Если новость вам интересна, вы можете прочитать полный текст здесь Прочитайте больше:

 /  🏆 596. in RU
 

Спасибо за ваш комментарий. Ваш комментарий будет опубликован после проверки

And they go broke in 5…4…3…2…

Россия Последние новости, Россия Последние новости

Similar News:Вы также можете прочитать подобные новости, которые мы собрали из других источников новостей

Time 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. Sounds like another climate scam
Источник: axios - 🏆 302. / 63 Прочитайте больше »

San 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.
Источник: 10News - 🏆 732. / 50 Прочитайте больше »