I REALLY like Patagonia clothing - I have 4 of their shirts, 2 bags, and a jacket - and one reason is the ethical stance they have had since their formation. However, all previous activism by them was far surpassed last week, when their owner effectively gave the company away!
The full details are in the excellent CNBC article below, but, in brief, Patagonia is still going to be run as for profit company, but every penny of profit will be put into their climate change charity. The owner, Yvon Chouinard, has some very interesting views on why it is important that Patagonia does remain run as a for profit company, and why selling shares publicly in the firm would have been a mistake.
https://www.cnbc.com/2022/09/21/patagonia-must-remain-competitive-for-climate-change-donation-ceo.html
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