In 2022, what unprecedented action did Patagonia's founder Yvon Chouinard take regarding the ownership of the $3 billion outdoor clothing company?

Founded in 1973, Patagonia has evolved from a small climbing gear company to a global environmental activist brand. In 2022, founder Yvon Chouinard made a groundbreaking decision regarding the company's ownership structure that shocked the business world and reinforced the brand's commitment to environmental causes. Test your knowledge about this revolutionary corporate move that redefined what a for-profit company can do for the planet.

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He donated the company to a trust and nonprofit organization dedicated to fighting climate change, with all future profits going to environmental causes
He sold the company to REI Co-op with a contractual agreement that 50% of profits would support conservation efforts
He established a unique employee ownership model where staff received 75% ownership stakes based on their environmental activism
He partnered with the National Park Service to transfer ownership, creating the first corporation-to-government conservation partnership