.Patagonia owner donates $3 billion company to climate change activism
Yvon Chouinard, 83, said in a statement Wednesday that rather than selling Patagonia, which is valued at roughly $3 billion, his family has decided to transfer it to public trusts and nonprofit groups specifically designed to ensure all revenue not reinvested back into the business is funneled into fighting climate change and protecting the environment.
Patagonia estimates that its annual profits will be about $100 million, meaning that the contributions could significantly increase environmental activist funding.“Truth be told, there were no good options available. So, we created our own,” Chouinard said of his family’s decision to create both the Patagonia Purpose Trust and the Holdfast Collective nonprofit organization as recipients of the company’s profits.
Brasil Últimas Notícias, Brasil Manchetes
Similar News:Você também pode ler notícias semelhantes a esta que coletamos de outras fontes de notícias.
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.
Consulte Mais informação »
Patagonia Founder Gifts Entire Company to Fight Climate ChangeThe founder of Patagonia is handing over his company, valued at $3 billion, over to trusts and non-profit organizations focused on fighting climate change.
Consulte Mais informação »
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.
Consulte Mais informação »
Warner Bros. celebrates Emmy victories by laying off 100 employeesWarner Bros. hunt for $3 billion in cost-saving measures continues!
Consulte Mais informação »
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)
Consulte Mais informação »
Enjoy Your Maine Lobster While You Can: Rising Water Temps May Make the Delicacy More ScarceClimate change is messing with crustaceans in the Gulf of Maine.
Consulte Mais informação »