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Patagonia founder Yvon Chouinard donates his company to help fight climate crisis
“Each year, the money we make after reinvesting in the business will be distributed as a dividend to help fight the crisis,” he wrote in an open letter on the company’s website.Yvon Chouinard, the billionaire founder of the outdoor apparel brand Patagonia, said on Wednesday he is giving away the company to a trust that will use its profit to fight the climate crisis. Instead of selling the company or taking it public, Chouinard, who became famous for alpine climbs in Yosemite National Park and has a net worth of $1.2 billion, is transferring his family’s ownership of the company
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“Each year, the money we make after reinvesting in the business will be distributed as a dividend to help fight the crisis,” he wrote in an open letter on the company’s website.Yvon Chouinard, the billionaire founder of the outdoor apparel brand Patagonia, said on Wednesday he is giving away the company to a trust that will use its profit to fight the climate crisis. Instead of selling the company or taking it public, Chouinard, who became famous for alpine climbs in Yosemite National Park and has a net worth of $1.2 billion, is transferring his family’s ownership of the company […]
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