Hobby Lobby CEO David Green gives away company: 'Wealth can be a curse'

  • 📰 fox7austin
  • ⏱ Reading Time:
  • 24 sec. here
  • 2 min. at publisher
  • 📊 Quality Score:
  • News: 13%
  • Publisher: 51%

Singapore News News

Singapore Singapore Latest News,Singapore Singapore Headlines

Green said he strives to be a steward instead of an owner.

Hobby Lobby CEO David Green sent shockwaves through the news cycle after writing in a recent Fox News"Patagonia’s founder recently made news when he gave away the ownership in his company to allow the mission and purpose to remain intact… I experienced a similar decision-making process with my ownership of Hobby Lobby; I chose God," he wrote Friday.," told anchor Will Cain his mission is to be a steward instead of an owner.

"There's a huge paradigm change between owning a company and stewarding it, and we want to be stewards of what God has given us." Green told Cain that 100% of the company's voting stock has been moved to a trust where the "stewardship" can continue to pass on to one person from another. "All the voting stock is in 1% in its trust, and it is being managed and being stewarded instead of seeing ourselves as owners," he added.

We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:

 /  🏆 594. in SG
 

Thank you for your comment. Your comment will be published after being reviewed.
Please try again later.

What a weird guy.

I sense his wife is looking for a divorce..

Singapore Singapore Latest News, Singapore Singapore Headlines

Similar News:You can also read news stories similar to this one that we have collected from other news sources.

Marijuana coming to Circle K gas stations, a first for cannabis industryGreen Thumb Industries says partnership with convenience-store chain could expand, depending on how Floridians respond.
Source: ALNewsNetwork - 🏆 583. / 51 Read more »