Why Patagonia’s Billionaire Founder Just Gave Away His Company

. Its founder Yvon Chouinard has now shown that he is willing to put his money where his mouth is, by giving the company away in an effort to fight environmental crises.

“While we’re doing our best to address the environmental crisis, it’s not enough,” he wrote. “We needed to find a way to put more money into fighting the crisis while keeping the company’s values intact,” Chouinard wrote.

This distribution will give the Holdfast Collective the bulk of the company’s profits, distributed as an annual dividend, which Patagonia said the group will spend fully on environmental causes, such as protecting nature and biodiversity and funding advocacy and political candidates as “investments in our planet.”

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Billionaire Patagonia founder gives away company to fight the climate crisisThe company will continue to produce outdoor clothing, camping supplies, and other goods, but now all profits will go to organisations to fight the climate crisis. 🤣 Like you do🤔🤔🤔 He'll live to regret that decision. Believe me.
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Patagonia’s founder has donated his $3 billion company in order to fight climate changeThe founder and CEO of Patagonia Yvon Chouinard has announced he’s given away his company to set up a trust to help combat climate change.
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Patagonia founder hands company to trust to tackle climate crisis\n\t\t\tKeep abreast of significant corporate, financial and political developments around the world.\n\t\t\tStay informed and spot emerging risks and opportunities with independent global reporting, expert\n\t\t\tcommentary and analysis you can trust.\n\t\t So you fucking get a fucking grip you fucking m 0rons. Patagonia (Spanish pronunciation: [pataˈɣonja]) refers to a geographical region that encompasses the southern end of South America, governed by Argentina ... Their goods are, ahem, well-priced, but it is things like this that make people select them over, for example, ColumbiaCareers brands.
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