at $1.2 billion, may have saved himself from paying more than $700 million in capital gains taxes by transferring 98% of Patagonia’s shares to a nonprofit.David Green
“So we’re stewarding our company and, therefore, our children come to work, and they get what they earn… it’s a paradigm change from ownership that can really wreck a family.”Green said that he grew uncomfortable with the idea of a business owner selling the firm and “keep[ing] the profits for yourself and your family.”“Well-meaning attorneys and accountants advised me to simply pass ownership down to my children and grandchildren.
He recalled a period in the 1980s when “I nearly lost the business” after having “grown proud thinking that I had the Midas touch.”
God doesn't have hobbies?
Still have absolutely no idea what this store sells?
That evil sonuva… Wait, what?
United States United States Latest News, United States United States Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Source: fox7austin - 🏆 594. / 51 Read more »