Yvon Chouinard, the 83-year-old founder of the outdoor clothing and equipment company Patagonia, announced that he has placed 100% of the shares of his $
Patagonia founder gives away $3 billion company: Earth is now our only shareholder iol.co.za - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from iol.co.za Daily Mail and Mail on Sunday newspapers.
Billionaire Gives Away His Company to Save Planet Earth sapeople.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from sapeople.com Daily Mail and Mail on Sunday newspapers.
Yvon Chouinard's decision to transfer ownership of the company to a trust and nonprofit has received glowing reviews. But the details matter. And Patagonia hasn't always delivered on its promises of sustainability.
While on the surface, Chouinard's decision seems rather noble and generous, a deeper dive will reveal some striking details that bring into question the whole generosity quotient