wierd_husky

wierd_husky t1_j8borol wrote

Yeah, I heard he evaded a ton of taxes by doing this, that’s why I specifically mention the company being good and little about him other than the donation itself. Kind of sucks that he did the good thing for the wrong reasons but it was still probably a good thing, and will probably end up doing quite a bit of good, definitely still better than all those other companies that evade taxes and then continue to pillage the environment.

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wierd_husky t1_j8a8btb wrote

100% of profit is different than 100% revenue. The owner donated the company to a trust and so all that profit that the company makes goes to the trust, and the trust is set up so that it’ll automatically pay out climate charities and stuff like that.

Edit: here’s the explanation in their words https://www.patagonia.com/ownership/

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