Townhall: Patagonia’s Latest Performative Act: Making Earth Sole Shareholder
Outdoor retailer Patagonia announced its latest stunt: making Earth its sole shareholder. Founder Yvon Chounaird, a self-described socialist billionaire, penned a letter declaring, “Earth is now our only shareholder.”Instead of selling the company or taking it public, Chounaird will make the company “go purpose” by establishing a trust and giving “100% of non-voting stock” to …
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