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A comment on Patagonia founder gives away the company. Parent comment

Re:Patagonia founder gives away the company by micromacrofoot on Wednesday September 14, 2022 @05:18PM (#32843482)
> They typically give it all away.

If they give it away (many don't) they specifically choose where it goes, and often it's some legacy BS, like overpaying to get their name on a university library. Alternatively that money ends up going to their children and it stays in the family for generations.

Billionaires will not save us.

[ Parent | on HN ]
Re:Patagonia founder gives away the company by elliekelly on Wednesday September 14, 2022 @07:01PM (#32844639)
They call it a “gift” but such large donations always come with some strings attached— sometimes social, sometimes economic, sometimes it’s just an implicit IOU. Huge “donations” are the way uber wealthy people covertly wield their soft power.
[ Parent | on HN ]