In an opinion piece printed Friday on Fox News, Green stated his resolution follows different company leaders like Patagonia founder Yvon Chouinard.
WASHINGTON — David Green, founder and CEO of Hobby Lobby, stated he’s giving away possession of the humanities and craft company to a belief.Â
In an opinion piece published Friday on Fox News, Green stated his resolution follows different company leaders like Patagonia founder Yvon Chouinard, who lately handed his possession to a belief and environmental non-profit group.
“I experienced a similar decision-making process with my ownership of Hobby Lobby; I chose God,” Green stated within the article.Â
Green defined he did not wish to move down possession to his youngsters and grandchildren as a result of it “didn’t seem fair to me that I might change or even ruin the future of grandchildren who had not even been born yet.”
In the opinion piece, Green additionally challenged different CEOs and company leaders to search out their “source of truth.” He strengthened that “prayer and the Bible” have all the time been his supply of reality.
Along along with his spouse Barbara, Green based the humanities and crafts company in 1972. In the 50 years for the reason that first retailer opened in Oklahoma City, the company has greater than 900 shops and is the most important privately-owned arts-and-crafts retailer on the planet, according to the company’s website.
Green had not talked about how or when the company possession will likely be transferred. On Sunday, while on a segment of “Fox and Friends,” he stated that 100% of the Hobby Lobby voting inventory has been moved to a belief the place “stewardship” can move on to 1 particular person from one other.
He additionally stated, “wealth can be a curse.”
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