Billionaire founder of outdoor apparel brand transfers all the company’s stock to a non-profit dedicated to fighting climate crisis. The billionaire founder of outdoor apparel brand Patagonia, known for supporting environmental causes, says he is giving away the company to a trust that will use its profit to fight the climate crisis. “I started as a craftsman, making climbing gear …
Yvon Chouinard, founder and owner of outdoor clothing company Patagonia Inc., and his family transferred their voting stock to the newly established Patagonia Purpose Trust. It’s a sentiment he’s expressed time and time again, telling the Los Angeles Times in 1994: “I can sit down one on one with the president of any company, any time, anywhere, and convince them …
