‘Wealth Can Be a Curse’—Hobby Lobby CEO To ‘Give Away Ownership’ of the Company

david green hobby lobby
Random Retail, CC BY 2.0, via Wikimedia Commons

Share

 In an appearance on Fox and Friends, Green explained that when he says he is giving up ownership of Hobby Lobby, what he means he is putting 100% of Hobby Lobby’s voting stock into a trust, “which is managed by several family members.”

Regarding how this decision will help him to serve God better, Green said, “It helps tremendously because if you drill down on any ownership and wealth, generally you’ll find that it’s a curse.” He explained that “wealth can be a curse” in that it can harm a person’s marriage and children. Now, Green’s family has undergone a “paradigm change” and “we all just receive what we earn.” What more, David Green said, “The Scriptures [tell] us that God owns everything, so all we did is said, ‘Ok you own it, then we’re going to steward it.”

Continue Reading...

Jessica Lea
Jessica is a content editor for ChurchLeaders.com and the producer of The Stetzer ChurchLeaders Podcast. She has always had a passion for the written word and has been writing professionally for the past five years. When Jessica isn't writing, she enjoys West Coast Swing dancing, reading, and spending time with her friends and family.

Read more

Latest Articles