that he would give away the multi-billion dollar outdoor clothing retail company to fight climate change.
Furthermore, 100% of the nonvoting stock was given to the Holdfast Collective, a non-profit advocacy group. Chouinard said the funding will come from Patagonia. He said every year, the money made after reinvesting in the business will be distributed as a dividend to help fight climate change. Rising sea levels to flood nearly 650,000 oceanfront properties across US by 2050, study finds
NEW YORK, NEW YORK - NOVEMBER 13: Yvon Chouinard speaks onstage during the Atlantic Salmon Federation New York Gala at the Plaza on November 13, 2019 in New York City.
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:
for earth !
I'm surprised the billionaire elitist allowed this
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.
United Kingdom United Kingdom Latest News, United Kingdom United Kingdom Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
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
Source: YahooNews - 🏆 380. / 59 Read more »
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
Source: Forbes - 🏆 394. / 53 Read more »
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.
Source: WSJ - 🏆 98. / 63 Read more »
Patagonia founder gives company away, ensuring profits go to fight climate changeYvon Chouinard, who became famous for alpine climbs in Yosemite and then as a manufacturer of outdoor gear, said in a note: “We’re making Earth our only shareholder.” Love this.
Source: TODAYshow - 🏆 389. / 55 Read more »
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
Source: commondreams - 🏆 530. / 51 Read more »