[ATTW-L] the Patagonia letter

[Sarah Read]

That is actually not true. The nature of the transfer was taxed, unlike
other billionaires who have transferred ownership for a big tax benefit:

https://www.nytimes.com/2022/09/14/climate/patagonia-climate-philanthropy-chouinard.html

Sarah


Sarah Read, PhD
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Department of English *|* Portland State University
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On Thu, Sep 15, 2022 at 12:30 PM Stephen Bernhardt <sab at udel.edu> wrote:

> And, interestingly, not paying taxes on the transfer of billions.
>
> On Thu, Sep 15, 2022 at 1:15 PM Dragga, Sam <Sam.Dragga at ttu.edu> wrote:
>
>> For a sample of a business letter that addresses ethical issues, read
>> Yvon Chouinard’s message to customers in which he explains that he is
>> transferring ownership of clothing company Patagonia to a charitable
>> foundation dedicated to fighting the climate crisis.
>>
>>
>>
>> The letter is available at https://www.patagonia.com/home/.
>>
>>
>>
>> Sam
>>
>>
>>
>> Sam Dragga
>>
>> Professor Emeritus
>>
>> Texas Tech University
>>
>> sam.dragga at ttu.edu
>>
>> 1-806-543-6099
>>
>>
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>>
> --
> Steve Bernhardt
> Bayside DE
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