Patagonia founder's big donation potentially saves him over $1 billion in taxes — and shows how the wealthy aren't subject to the same rules as the rest of us


It was the business proclamation heard around the world: Patagonia founder Yvon Chouinard was giving away his company's wealth to fight climate change. What wasn't heralded so loudly: He could be avoiding more than a billion dollars in taxes while doing so. "Instead of 'going public,' you could say we're 'going purpose,'" Chouinard said in a statement announcing the move. "Instead of extracting v...

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