Outdoor retailer Patagonia announced its latest stunt: making Earth its sole shareholder. Founder Yvon Chounaird, a self-described socialist billionaire, penned a letter declaring, “Earth is now our only shareholder.”Instead of selling
Yvon Chouinard’s gift is unusual due to its structure but is also part of a trend. Many billionaires and large foundations are now funding these causes.
Last week, Patagonia’s family owners announced a new ownership structure aimed at ensuring that its values would remain intact, as well as greatly steppin