Hobby Lobby owner David Green said he plans to give away his company to God, detailing his religious convictions in balancing his business ownership.
Mr. Green, a conservative Christian who founded the company in Oklahoma in 1972, compared himself to Patagonia founder Yvon Chouinard and Alan Barnhart of Barnhart Crane who also recently announced they would give away their companies. Mr. Chouinard sought to donate the company to fight climate change efforts, while Mr. Barnhart will give it to the National Christian Foundation.
“As an owner, there are certain rights and responsibilities, including the right to sell the company and keep the profits for yourself and your family.