Patagonia

Patagonia Founder's Big Donation Potentially Saves Him Over $1 Billion in Taxes - and Shows How the Rich Aren't Under the Same Rules as the Rest of Us

Patagonia Founder’s Big Donation Potentially Saves Him Over $1 Billion in Taxes – and Shows How the Rich Aren’t Under the Same Rules as the Rest of Us

Yvon Chouinard said on Wednesday he was donating Patagonia’s wealth to fight climate change. Donations could save the Patagonia founder’s family more than $1 billion in taxes, experts have calculated. It shows how wealthy people don’t pay taxes the same as everyone else, these experts say. Loading Something is loading. It was the business proclamation …

Patagonia Founder’s Big Donation Potentially Saves Him Over $1 Billion in Taxes – and Shows How the Rich Aren’t Under the Same Rules as the Rest of Us Read More »

Patagonia founder donates his company to environmental trusts

Patagonia founder donates his company to environmental trusts

1 out of 2 FILE – Yvon Chouinard, founder and president of Ventura-based Patagonia Inc., is pictured September 28, 2005 at the original Chouinard Equipment forge shop in Ventura, California, where he once forged pitons for mountain climbers . In a letter posted on the private company’s website on Wednesday, September 14, 2022, Chouinard said …

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Patagonia Founder Donates Company: 'The Earth Is Now Our Sole Shareholder'

Patagonia Founder Donates Company: ‘The Earth Is Now Our Sole Shareholder’

Patagonia founder Yvon Chouinard announced on Wednesday that he is divesting the outdoor apparel business – an unorthodox move intended to contribute to the fight against climate change and the environmental crisis. In a letter posted on the company’s website, Chouinard wrote that ownership of the company, which was founded in 1973 and was reportedly …

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