Patagonia founder gives away the company
In my opinion, Patagonia's recent non-profit restructuring is one of few corporate arrangements that BESTS the Indian conglomerate TaTa's donation strategy; at TaTa, by corporate structuring/design/ownership, 2/3rds of all profits are donated to vetted non-profits.<p>The TaTa cousins (not actual name: the people running it) are able to keep a Top-100 marketcap entity functional with just a third of the profits. IMHO companies are definitely entitled to profits, when earned, but employees should be involved in some sort of profit-/ownership- sharing arrangement, perhaps after limited vesting periods.<p>MAD RESPECT TO PATAGONIA! I'll add their products to my Paul Newman's Own list (i.e. products where all/most profits are donated to charities, even if the price is higher [as long as quality/reputation is maintained]).