Post by t-bob on Sept 18, 2022 11:07:55 GMT -5
a long time
The billionaire founder of Patagonia has given his company away to help fight the climate crisis. Rather than selling the company, Yvon Chouinard, his wife and two adult children have transferred their ownership of Patagonia, valued at about $3 billion, to a trust and a nonprofit organization dedicated to combating climate change. Chouinard, who started the outdoor apparel brand almost 50 years ago, wrote, "We needed to find a way to put more money into fighting the crisis." Patagonia's website now reads, "Earth is now our only shareholder."
The billionaire founder of Patagonia has given his company away to help fight the climate crisis. Rather than selling the company, Yvon Chouinard, his wife and two adult children have transferred their ownership of Patagonia, valued at about $3 billion, to a trust and a nonprofit organization dedicated to combating climate change. Chouinard, who started the outdoor apparel brand almost 50 years ago, wrote, "We needed to find a way to put more money into fighting the crisis." Patagonia's website now reads, "Earth is now our only shareholder."
