Patagonia Founder Gives Away Entire Company To Fight Climate Change

Patagonia Founder Donates Company to Charity

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 $

Billionaire no more: Patagonia founder gives away the company

A half-century after founding outdoor apparel maker Patagonia, Yvon Chouinard, the eccentric rock climber who became a reluctant billionaire with his unconventional spin on capitalism, has given the company away.

Patagonia founder gives company away to environmental trusts

Outdoor gear company Patagonia says “the earth is now our only shareholder” after transferring the company’s ownership from founder Yvon Chouinard and his family to two nonprofits established to fight climate change.In a letter posted on the 50-year-old company’s website Wednesday night, Chouinard said Patagonia would transfer 100% of its voting stock to the Patagonia Purpose Trust, created to uphold the values of the company long known for its …

Patagonia founder gives company away to environmental trusts

The founder of outdoor gear company Patagonia, long known for environmental activism, says the company is transferring all of its voting shares into a trust “dedicated to fighting the environmental crisis and defending nature.”In a letter posted on the privately-held company’s website on Wednesday...

Patagonia founder gives company away to environmental trusts

The founder announced the news in a letter posted on the privately-held company’s website on Wednesday night.

Patagonia founder gives company away to environmental trusts

Outdoor gear company Patagonia says “the earth is now our only shareholder” after transferring the company's ownership from founder Yvon Chouinard and his family to two nonprofits established to fight climate change.In a letter posted on the 50-year-old company’s website Wednesday night, Chouinard said Patagonia would transfer 100% of its voting stock to the Patagonia Purpose Trust, created to uphold the values of the company long known for its …