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02
THURSDAY
SEPT. 29,
2022
STAFF
SUBMISSION POLICY
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official student newspaper of the
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SAN FRANCISCO
FOGHORN
Freedom and Fairness
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STAFF EDITORIAL:
PATAGONIA LEADS THE WAY
FOR NEW CLIMATE-CONSCIOUS
COMPANY MODELS
Patagonia, the outdoor clothing brand
founded by Yvon Chouinard, has captivated
environmentally conscious consumers for
decades. The company has centered the environment
by funneling a portion of all sales to
preserving and restoring the ecosystems and
making an effort to manufacture products sustainably.
In recent years, Patagonia levied their
wealth to sue the Trump Administration in an
effort to protect the Bears Ears National Monument
in Southeast Utah.
In a message on Sept. 16, Chouinard announced
his decision to give Patagonia, valued
at $3 billion, away to a specially designed
non-profit. “Earth is now our only shareholder,”
he said. “Instead of ‘going public,’ you
could say we’re ‘going purpose.’ Instead of extracting
value from nature and transforming it
into wealth for investors, we’ll use the wealth
Patagonia creates to protect the source of all
wealth.”
This gesture from Chouinard comes as
global climate change becomes increasingly
difficult to ignore. In August, flash floods
submerged one third of Pakistan. Earlier this
month, the Bay Area saw record temperatures
during a heat wave. Last week, Hurricane Fiona
landed in Puerto Rico and the Dominican
Republic, causing mass flooding.
Patagonia will be transferred to the
non-profit organization “Holdfast Collective,”
and the “Patagonia Purpose Trust” which will
be overseen by the Chouinard family. The
family’s transfer of their voting shares for Patagonia
into the trust demanded that they pay
$17.5 million in taxes allowing for the company's
profits to be funneled into combatting the
climate crisis.
By transferring his company, Chouinard
was able to shake off his billionaire title, which
he was always “reluctant” to have, and keep his
family in control of the company’s ethics, making
sure it still operates according to environmental
goals. Because of Holdfast Collective’s
501(c)(4) status, Chouinard does not need to
pay a capital gains tax, and neither does the
collective.
While some might be suspicious of Chouinard’s
motives, given the tax break and 501(c)
(4)s lobbying power, his decision is a model for
other companies, and wealthy individuals, to
follow suit and redistribute their wealth back
to the environment. In conversation with David
Gelles of the New York Times, the Inside
Philanthropy founder, David Callahan, highlighted
how Chouinard is an anomaly amongst
America’s richest. “This family is a way outlier
when you consider that most billionaires give
only a tiny fraction of their net worth away
every year,” he said.
Patagonia is a brand that both existed
in a capitalist system and spoke out against
it. The company ran an ad in the New York
Times titled “Don’t buy this jacket” around
Black Friday to dissuade people from shopping
Billionaire Yvon Chouinard signs over his $3 billion company,
Patagonia. PHOTO COURTESY OF WIKIMEDIA
COMMONS
mindlessly. In a statement on their website, the
company explains how even though they aim
for their products to be sustainable, producing
their apparel still emits greenhouse gasses, uses
water, and produces waste. Their initiative was
meant to ask consumers to think twice about
whether they really needed to buy something,
and to consider the environmental cost of
making the purchase.
The brand was accused of hypocrisy for
running the ad, but would it have been better
if it hadn’t? By acknowledging their contribution
to climate change and dissuading people
from buying their products, Patagonia accepted
the idea of losing profit for the purpose of
protecting something greater than itself.
Patagonia has already donated $50 million
to the Holdfast Collective, and they project
to double that by the end of the year. Chouinard
is a person who was successful under
capitalism, acknowledged his discomfort with
that success, acknowledged the shortcomings
of his company, and demonstrated that he was
able to put the health of the planet above himself.
Capitalism is about endless growth, and
Patagonia will continue to grow as it operates
under the nonprofit. However, the future success
of the company will be funneled back into
initiatives that help the planet, and Chouinard
has made the choice not to grow with the company.
To NYT's David Geller, Chouinard said,
“Now I could die tomorrow and the company
is going to continue doing the right thing
for the next 50 years, and I don’t have to be
around.”
JACOB BLOOM
Contributing Writer
DONS RUSH FALL 2022 JOB FEST
More than 300 members of the USF community
gathered for “Job Fest,” a biannual event hosted by
Career Services. Students were encouraged to dress
business casual at McLaren Complex on Sept. 20,
and could be seen speaking with recruiters from organizations
ranging from the San Francisco 49ers, to
KQED, and the FBI. 64 companies were represented
at the event, and 43 attended the virtual event hosted
the following day.
According to Yesame Kinfe, a career counselor
at USF, the primary goal of Job Fest was to introduce
students to new jobs and internships at organizations
from across the Bay Area.
In the weeks leading up to Job Fest, Career Services
invited students to two different workshops,
“Resume Rush” and “Job Fest Prep.” They helped attendees
edit their resumes and gave tips about how to
pitch their skills to prospective employers. They were
also given the opportunity to receive a $100 voucher
to buy professional clothing from the H&M location
at the Westfield San Francisco Centre. Vouchers
were distributed on a first-come first-served basis, and
were given to 34 students. According to Career Services,
they were intended for those “who have limited
or uncertain access to appropriate clothing for JOB
FEST… and other recruiting events.”
Nam Tran, a fourth-year finance and business
analytics double major, explained why he decided to
attend Job Fest. “I’m interested in getting jobs in my
major, but I’m also here as another way of practicing
in a professional setting.” Tran also noted that for
many international students like himself, finding a
job has an extra sense of urgency, “I would say most
[international students] are concerned about getting
a sponsorship or an OPT [Optional Practical Training].
An OPT basically extends your stay in the U.S.
because you have a job or internship related to your
major.”
In addition to currently enrolled students, USF
alumni also attended Job Fest. Stefan Ramsey, who
graduated in 2022 with a degree in business administration
said: “I came to this Job Fest because I think
seeking every advantage that your school offers you is
the best way to further your career. I wish I came to
more of these as a student here.”
One employee from the Office of Alumni Engagement
distributed pamphlets that encouraged students
to sign up for NetworkUSF, USF’s online networking
platform. The pamphlets noted that members
of NetworkUSF received a 93.5% better response rate
than those on LinkedIn. This sentiment is consistent
with national data. According to a 2015 survey by
Pew Research, Americans who have searched for a job
in the past two years stated “professional contacts,
close friends or family, and/or more distant personal
connections” were the most “important resource” in
their job hunt.
While Career Services has hosted Job Fest for
Students and alumni mingle with employers. PHOTO COURTESY OF ALEX HOCHMAN/USF CAREER SERVICES
over 30 years, Tuesday’s event did mark some notable
changes. According to Renni Collins, an employee at
Career Services and second-year student at USF, there
was an effort to make this fall’s Job Fest feel more
“modern.” Part of that effort meant adapting the dress
code to be more casual. “A lot of employers are realizing
their dress code isn’t as serious as it has been in
previous years,” she said.
She also noted that while in the past, Job Fest
was confined mostly to marketing and business management
positions, Tuesday’s event had opportunities
for all majors including STEM and education.
Cassandra Carvahal, a recruiter for Driscoll’s,
said “we’re looking to hire scientists as well as positions
in all departments for our consumer products.”
She also noted that recruiters like herself aren’t just
looking for impressive resumes. “We want everyone to
work in harmony and get along well because you can’t
teach personality or character. We spend time looking
for that as well,” she said.
In an email to the Foghorn, Julia Hing, director
of employer relations of USF’s Career Service Center
wrote that last spring’s Job Fest had 93 employers attend
the virtual and in-person events. Last week’s Job
Fest had 107 employers attend. Hing said that this is
likely due to a “tight job market.” She also added that
while Job Fest normally experiences higher student
turnout in the spring, Tuesday’s event recorded similar
numbers to the event held last March.
Many students left Job Fest with new contacts
and business cards, Kinfe said.
03
NEWS