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GoPro CEO Donates Shares Worth $450 Million To Start New Charity

October 3, 2014

 GoPro is a company that makes portable camera equiptment. The CEO just announced a donation of 5.8 million company shares to help launch a new charity.

 

Nicholas Woodman and his wife, Jill, said in a statement on Wednesday that they’ll make the contribution, worth $450 million, according to CNN Money, to start their eponymous organization, Jill + Nicholas Woodman Foundation.

 

Though the gesture was generous, Investors in the company were upset because the move caused shares to plummet 7 percent.

 

 

"We wake up every morning grateful for the opportunities life has given us," Nicholas and Jill Woodman said in a joint statement. "We hope to return the favor as best we can."

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