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Sell the Company for $400 Million? He’s Giving It Away Instead.
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Sell the Company for $400 Million? He’s Giving It Away Instead.

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After his sole heir died, Eddie Smith, the owner of Grady-White Boats, looked for a way to pass on his legacy. He was inspired by Patagonia to pledge future profits to charity.

Back in 1968, Eddie Smith Jr. bought a fledgling boat maker based in Greenville, N.C. It was a risky move. The company, Grady-White Boats, was in trouble. But Mr. Smith turned it around, and now the maker of high-end recreational fishing boats design... [1301 chars]

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Source: The New York Times

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