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>"For the last week of this year, we are shutting down our stores, warehouse and offices in the United States and Canada because our people need a break." "The
by ProllyInfamous 3y ago
>"For the last week of this year, we are shutting down our stores, warehouse and offices in the United States and Canada because our people need a break."
"The earth is our shareholder." — CEO Patagonia [he wrote an article with this title]
What a fantastic operating philosophy — reminds me of India's TaTa Group (which donates 2/3rds ~~profits~~ "equity dividends" to charities [1]).
[1] EDIT: see comment below
- zimpenfish 3y ago> which donates 2/3rds profits to charities Assuming you mean this: "66% of Tata Sons’ equity is held by the Tata Trusts and dividends flow directly to support the philanthropic work of the Trusts." "66% equity dividends" is a world away from "2/3rds profits" and "Tata Trusts" is a long way from "charities". I mean, it's better than most companies but it's almost certainly a tax optimisation and/or money hiding operation.
- ProllyInfamous 3y agoThank you for this clarification and perspective. I have edited my above-comment. >I mean, it's better than most companies but it's almost certainly a tax optimisation and/or money hiding operation. Extremely part-time, but I assist a wealth manager's charitable allocations FOR EXACTLY THIS REASON. Not a dollar more gets donated than is deducted.