Charles Kahn

speaker
743 appearances 2 recordings 1 series first heard Oct 2024 last heard Aug 2025

Charles Kahn’s voice in public audio — every appearance, attributed to the second.

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A a
combination of this purpose trust and uh the C4s and our principal mission is environment.
We also believe we have a social obligation and a community obligation.
We were the first benefit corporation in California and we have a charter that also sets out
our social aims and that includes commitments to our communities and to our staff and to our employees.
Um so just like those other organizations, we also believe that companies have commit.
have have and should have commitments to community.
We did.
The the the issue here is we wanted to free up
A lot of resources to fight the environmental crisis.
If you look at the typical the typical way an employee stock ownership um setup works, the employees borrow money to acquire the shares from the the original founders.
They take on debt.
Um, and then they service that debt with the profits of the company and whatever's left over they distribute to themselves.
Well, that you know, that's not a bad idea.
It's a good idea.
It works in many um services firms, it works in lots of professional services firms as well.
But think about it in our case.
In our case, what we wanted to do was maximize the amount of value that would go to fighting the environmental crisis.
we burden Patagonia with all of this debt.
the amount of money that would be left over to fight the environmental crisis would be less.
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