What do you do when you’re a billionaire philanthropist in possession of one of the most reputable and valuable outdoor brands on the planet and it’s time to step down? You want to see your company’s good work not just continue, but channel everything the company does—and earns—into making the world a better place. You could sell the company for billions, and dedicate all the profits to philanthropic goals. But you’re a maverick in the corporate world, and you don’t trust the market or potential new owners to preserve your values or maintain employment and working conditions?
Patagonia founder Yvon Chouinard gives away the company
by Chris Hunt - Wednesday, Sep 14th, 2022