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Thread: Yvon walks the talk
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09-15-2022, 12:52 PM #76Hucked to flat once
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09-15-2022, 12:57 PM #77"fuck off you asshat gaper shit for brains fucktard wanker." - Jesus Christ
"She was tossing her bean salad with the vigor of a Drunken Pop princess so I walked out of the corner and said.... "need a hand?"" - Odin
"everybody's got their hooks into you, fuck em....forge on motherfuckers, drag all those bitches across the goal line with you." - (not so) ill-advised strategy
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09-15-2022, 01:05 PM #78
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09-15-2022, 05:28 PM #79
Friend of mine is one of their sales reps, he didn’t find out about this until yesterday afternoon. I worked at the company for four years, some of the greatest people in my life are friends I met working there. YC is the man.
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09-15-2022, 07:36 PM #80
The Chouinard's place north of town is not a mansion. It's an older house down by the river. Their property is less than 20 acres; and he still drives a little beater in town.
He beat me to a parking spot the other day in the Albertson's lot. As soon as I saw it was him, I smiled.
If ya know his face, ya can't miss him.
Quick to smile too.
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09-15-2022, 07:55 PM #81
If more companies were like Patagonia, the world would be a better place.
Here's a brief history lesson.
https://www.patagonia.com/company-history/
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09-15-2022, 08:10 PM #82Registered User
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09-15-2022, 08:56 PM #83
All lives well lived. Some made some $$, did some good.
Shit - what's not to like?
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09-15-2022, 09:01 PM #84
hah, I don't actually know shit about trusts and nonprofits from a real legal perspective, I'm a water lawyer. Still, I understand the basics, like complete ownership of a company is vastly, hudgely, different than complete control of a company through a trust or nonprofit. Not because of any specialized legal knowledge, I don't think. It's a pretty basic concept, it's not rocket surgery.
"fuck off you asshat gaper shit for brains fucktard wanker." - Jesus Christ
"She was tossing her bean salad with the vigor of a Drunken Pop princess so I walked out of the corner and said.... "need a hand?"" - Odin
"everybody's got their hooks into you, fuck em....forge on motherfuckers, drag all those bitches across the goal line with you." - (not so) ill-advised strategy
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09-15-2022, 09:32 PM #85
If you’re in consumer goods marketing, you likely already have or will study Patagonia’s loyalty business model, which is nothing short of genius. It’s a philosophy mechanized through scalable modeling and empirical management with unheard of customer lifetime value.
The thing about it that really makes it stand out is that it wasn’t born out of purchase-driven strategy nor any sort of consumer behavior study. It is literally YC’s philosophy on why Patagonia deserves to exist, translated into several different business practices, channels of trade and of course, product. Truly one of those real life business cases that make you believe that morals, ethics and doing good can intersect with very successful business practices."All God does is watch us and kill us when we get boring. We must never, ever be boring."
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09-15-2022, 10:25 PM #86
What a surprise that two of the biggest cynics on TGR see someone do something truly good and try to find a way to shit all over it….
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09-15-2022, 10:33 PM #87
Met the man once at the lower saddle of the Grand Teton about 30 years ago. Fortunately I was wearing a Patagonia shell when I shook his hand. Props YC!
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09-16-2022, 06:31 AM #88
I worked at Patagonia for two years at their distribution center in Reno. Cool place to work, while they never let me go surfing, they did let me ski quite a bit. They do a lot of cool shit for their employees........like pay a year of your salary to go join any environmental cause on the planet. People were going all over the place, South America, Europe, Australia, Africa, etc. And the employee deals are solid, very solid, though I am not at liberty to discuss in an open forum. Patagonia is one of a few companies that I can stomach paying retail for. And sure a lot of it is marketing but show me any other company that has pumped that much money into saving the environment. Nice work Patagonia, nice work............
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09-16-2022, 06:41 AM #89
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09-16-2022, 07:45 AM #90
I have taken advantage of their free repair program several times and when the traveling repair crew visited a local brewery they happily repaired a cloudveil jacket. Patagonia definitely walks their talk.
I have been dismayed at the new Patagonia store in Freeport, Maine as it is much more upscale than the former one and not sure if I will ever buy something from them. TNF outlet has much better deals, but you have to be picky.
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09-16-2022, 08:18 AM #91Registered User
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I'd say it's a bit of both. I dont have local knowledge of what Yvon drives around Jackson or if he secretly lives in a mega mansion in the woods.
And while Danno is not a corporate lawyer -- I made the presumption that law school at least gives you some background on legal entities like corporations, trusts, etc.
But yes -- there's certain dishonesty.
For those critics -- how would your purpose a company acts to ensure their founder's commitments outlive them? What are the better models out there? Shuttering a business like Patagonia isn't going to reduce consumption or environmental impact, it'd just shift it to new, potentially less responsible brands. And I don't see any models that are more obvious or likely to be a success at achieving their mission than this one.
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09-16-2022, 08:48 AM #92
Yvon talks the walk.
https://www.patagonia.com/ownership/
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09-16-2022, 08:57 AM #93yelgatgab
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09-16-2022, 09:02 AM #94Registered User
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09-16-2022, 09:38 AM #95
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09-16-2022, 09:46 AM #96
oh, fuck no. They require that you learn some very basic legal principles of contracts and property, that's probably as far as it gets. Maybe it was on the bar exam, I can't recall, that was a long time ago and info I learned for a single test and promptly forgot. Mostly what they want you to learn is how to think like a lawyer and how to find the answers to things you don't know. But ain't nobody got time for that so we mostly just avoid the subjects we don't know.
Exactly.
Only if they don't have beaks."fuck off you asshat gaper shit for brains fucktard wanker." - Jesus Christ
"She was tossing her bean salad with the vigor of a Drunken Pop princess so I walked out of the corner and said.... "need a hand?"" - Odin
"everybody's got their hooks into you, fuck em....forge on motherfuckers, drag all those bitches across the goal line with you." - (not so) ill-advised strategy
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09-16-2022, 11:46 AM #97
What a scam
Here’s how it works: 100% of the company’s voting stock transfers to the Patagonia Purpose Trust, created to protect the company’s values; and 100% of the nonvoting stock had been given to the Holdfast Collective, a nonprofit dedicated to fighting the environmental crisis and defending nature. The funding will come from Patagonia: Each year, the money we make after reinvesting in the business will be distributed as a dividend to help fight the crisis.
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09-16-2022, 01:22 PM #98"fuck off you asshat gaper shit for brains fucktard wanker." - Jesus Christ
"She was tossing her bean salad with the vigor of a Drunken Pop princess so I walked out of the corner and said.... "need a hand?"" - Odin
"everybody's got their hooks into you, fuck em....forge on motherfuckers, drag all those bitches across the goal line with you." - (not so) ill-advised strategy
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09-16-2022, 03:24 PM #99
Mr Chouinard's vision and success are admirable. The company makes great coats, I own a couple.
Everyone accepts at face value that the money "will go to the environment". It would be interesting to know exactly how.
Will the money fund serial-lawsuit filing environmental organizations? Will it go to universities to churn out a generation of idealistic young wildlife biologists who stay up at night inventing problems to solve, then solve them by banning or restricting hiking/skiing/fishing, etc? Will it go to govy agencies that do the same?
Color me cynical and I sincerely hope I'm wrong, but the law of unintended consequences may apply."The two best times to fish is when it's rainin' and when it ain't." - Rancid Crabtree
"never buy anything you can't fuel with a salami sandwich" - XXX-er
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09-16-2022, 03:35 PM #100
found this entertaining.
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