After Words

David Gelles on How Patagonia Founder Yvon Chouinard Built a Purpose-Driven Company

Dec 7, 2025
David Gelles, an award-winning New York Times correspondent and author of 'Dirtbag Billionaire', shares insights about Patagonia's founder, Yvon Chouinard. He reveals how Chouinard built a purpose-driven empire and ultimately gave it away for environmental causes. Gelles discusses the company's unique culture, pivotal choices like the organic cotton pivot, and the complexities of corporate responsibility. He also contrasts Chouinard's mission with Doug Tompkins' methods and contemplates Patagonia's future governance after Chouinard's departure.
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ANECDOTE

First Meeting Led To Deep Access

  • David Gelles recounts meeting Yvon Chouinard 15 years earlier while researching mindfulness at work.
  • That generous early access later enabled reporting that led to breaking the 2022 ownership story.
INSIGHT

A New Corporate Perpetuity Model

  • David Gelles describes Patagonia's 2022 governance change that split voting and non-voting shares into a Purpose Trust and 501(c)(4) nonprofits.
  • The structure directs all profits not reinvested into operations to environmental causes, creating a novel corporate-perpetuity model.
ADVICE

Trace Origins To Fix Supply Chains

  • Ask continually 'Where did this thing come from and what are the consequences?' to uncover supply-chain harms and drive product changes.
  • Use those revelations to push the company toward cleaner materials and responsible sourcing.
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