Money And Markets
Patagonia Goes Non-Profit
Speaking of Earth - The company is worth $3B and expects to invest $100M a year in climate protection…which is pretty smart since you need to have an outdoors to sell outdoors clothing. 😎
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"Earth is now our only shareholder." said the letter sent to Patagonia associates to inform them the founder was transferring ownership to a non-profit. The nearly 50-year-old outdoor clothing company will pour all future earnings into organizations that combat climate change and protect the environment.