A rock climber who founded the outdoor clothing brand Patagonia, Yvon Chouinard has given the company away after nearly 50 years at the helm.
And the beneficiary isn’t family — his wife and two adult children gave up their ownership rights as well. Instead, Chouinard established a special trust and nonprofit organization that preserves the company’s independence while donating all the profits — roughly $100 million a year — to address the climate crisis and protect wild lands around the globe.“Hopefully this will influence a new form of capitalism that doesn’t end up with a few rich people and a bunch of poor people,” Mr.
Chouinard, 83, told the The New York Times, which reports that the gift (valued at around $3 billion) will not be tax deductible — making the Chouinards among the most charitable families in the country.Chouinard founded Patagonia in 1973 and it became one of the first companies to insist on organic cotton, offer on-site childcare, and donate a percentage of all sales to charity.
Meaws.com provides you with the latest lgbt news worldwide. Gossips, photos and videos, exclusive interviews, breaking news from the rainbow world of queer people are waiting for you here. So, stay tuned and get to know who, where, when and with whom in the world of lgbt, happy and proud people. Are you eager to know first!? Then just follow us every day and we will offer you more and more!
Owner: SNOWLAND s.r.o.
Registration certificate 06691200
16200, Na okraji 381/41, Veleslavín, 162 00 Praha 6
©2023. All rights reserved.