The 83-year-old founder of the outdoor-themed clothing brand Patagonia and his family have given away ownership of the three-billion-dollar conglomerate so that its profits can be used to fund efforts to protect the environment.
It's probably not a scam, he's already changed the company purpose from "maximise shareholder value" to some kind of vapid "save the planet" statement, which you can do but almost never happens.
I think he's mostly serious in the "hippy artisan gets too much money" way you see sometimes. But the charities are absolutely going to provide permanent employment for every third rate descendent he has for the next 60 years.
It's probably not a scam, he's already changed the company purpose from "maximise shareholder value" to some kind of vapid "save the planet" statement, which you can do but almost never happens.
I think he's mostly serious in the "hippy artisan gets too much money" way you see sometimes. But the charities are absolutely going to provide permanent employment for every third rate descendent he has for the next 60 years.