Patagonia’s CEO is donating company’s entire $10M Trump tax cut to fight climate change.

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steross

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Patagonia’s CEO is donating company’s entire $10M Trump tax cut to fight climate change.



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Patagonia CEO Rose Marcario. Photo by MANDEL NGAN/Getty Images.
Patagonia is having a very good year. And under our new corporate tax code passed by a Republican Congress and enthusiastically signed into law by President Trump, they’re paying a lot less in federal taxes.
$10 million less, to be exact.
In letter posted to LinkedIn, Patagonia’s CEO announced her company is donating all $10 million to non-profit groups who work on issues related to climate change and the environment.
“Based on last year’s irresponsible tax cut, Patagonia will owe less in taxes this year—$10 million less, in fact,” CEO Rose Marcario writes. “Instead of putting the money back into our business, we’re responding by putting $10 million back into the planet. Our home planet needs it more than we do.”
Marcario referred to the government’s own newly released report on climate change, which warns that unless significant changes are made, we could be facing catastrophic and irreversible changes to our planet by 2050. When asked about the report, Trump simply said, “I don’t believe it,” something Marcario also made a thinly veiled reference to in her post:
“Far too many have suffered the consequences of global warming in recent months, and the political response has so far been woefully inadequate—and the denial is just evil,” she wrote.
“Taxes protect the most vulnerable in our society, our public lands and other life-giving resources,” she added. “In spite of this, the Trump administration initiated a corporate tax cut, threatening these services at the expense of our planet.”
Patagonia isn’t new to environmental causes. Their “1% for the Planet” program donates profits to environmental projects around the world.
A note on their company site claims Patagonia has donated more than $89 million to such causes since the program first launched.
And CEO Marcario was singled out by the White House, Barack Obama's White House that is, back in 2015 for her efforts to protect the environment.
In response to the Republicans approach to climate change, Bloomberg notes that Patagonia is getting increasingly political, having endorsed two Democratic candidates for the U.S. Senate during the 2018 midterm elections.
Both candidates won. And seeing as money and politics are the two measurements of power most at the forefront of Trump’s thinking, Patagonia’s latest message is something he and his allies should take note of.
 
Jul 20, 2018
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They're a private firm and can do with their money as they choose. They're also morons. Even if climate change were man-caused, $10 million would be like pissin' on Mount St. Helens.
 

MindAflame

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$10 million is relatively cheap for a mixed marketing/branding campaign with this kind of reach.
 

oks10

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#8
That damn Donald Trump letting corporations use more of their money where they see fit... But I was TOLD that the only thing that benefits from corporate tax cuts is those greedy corporate wallets!...
 

oks10

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#9
But seriously though, good for them. I'm glad that because of this "irresponsible" decision they were able to further invest in things that they believe to be important issues (even if some of us don't agree).
 

CocoCincinnati

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#12
Oh for Pete's sake, the left is insane. If she's so upset about the success of her company I'll help her out by not adding to it. Also how did a woman get to be CEO of such a wealthy company....it's almost like there's no barrier preventing it like the left keeps telling us.
 

Pokit N

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#13
Everyone can spend their money on whatever they would like but one of my beefs w/ spending millions/billions on climate change is its so vague. If I'm giving to charity I'd like to see a concrete change in a real problem facing real people right now.
For Example..$10,000,000 could feed 125,000 children for a year if donated to: Feed My Starving Children
 

Duke Silver

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Everyone can spend their money on whatever they would like but one of my beefs w/ spending millions/billions on climate change is its so vague. If I'm giving to charity I'd like to see a concrete change in a real problem facing real people right now.
For Example..$10,000,000 could feed 125,000 children for a year if donated to: Feed My Starving Children
She could donate to me, because I am not getting paid.
 

CTeamPoke

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#17
Patagonia's CEO is a dude... Which shows how informed some of you are.

He's responsible for developing some great fishing habitats and sustainable techniques. His individual contributions have made being an outdoorsman in this country great.

And, by the way, he's one of the toughest son of a bitches alive... So calling him a snowflake would also be wrong.
 

jobob85

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#18
Patagonia's CEO is a dude... Which shows how informed some of you are.

He's responsible for developing some great fishing habitats and sustainable techniques. His individual contributions have made being an outdoorsman in this country great.

And, by the way, he's one of the toughest son of a bitches alive... So calling him a snowflake would also be wrong.
Well the article definitely states Rose Marcario is the CEO. In today’s Age of Enlightenment Rose may very well have a penis.
 
Nov 8, 2007
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#19
Patagonia's CEO is a dude... Which shows how informed some of you are.

He's responsible for developing some great fishing habitats and sustainable techniques. His individual contributions have made being an outdoorsman in this country great.

And, by the way, he's one of the toughest son of a bitches alive... So calling him a snowflake would also be wrong.
https://en.wikipedia.org/wiki/Rose_Marcario
 

llcoolw

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#20
Patagonia's CEO is a dude... Which shows how informed some of you are.

He's responsible for developing some great fishing habitats and sustainable techniques. His individual contributions have made being an outdoorsman in this country great.

And, by the way, he's one of the toughest son of a bitches alive... So calling him a snowflake would also be wrong.
Rose Marcario. That's the name under the picture in the story. The picture shows a woman and claims she's the CEO.