It's heartwarming that Warren Buffett is giving away $37 billion to the Bill Gates foundation. I heard that particular charity was having some cashflow issues. Plus, there really aren't a lot of charities or causes out there anymore. So this made perfect sense to me all the way around. Lend a hand to the underdog. You don't want any one foundation, you know, completely monopolizing the business of charitable giving. That just isn't the way Bill Gates does business.
In other news, the Oakland Athletics have decided to disband and send all their players to the New York Yankees, and Burger King is giving half of its stores to McDonald's.
Hyperlink:
- Washington Post story
- Gates foundation Web site statement
Technorati tags: Warren Buffett, Bill Gates, Microsoft, Gates Foundation, Current events, News, philanthropy, Charities
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1 comment:
Nah, it wasn't tough to criticize...didn't you read the post?
Just kidding. Perhaps I was remiss in not tipping my hat to Mr. Buffett for his philanthropy. It was beyond a generous gesture and the Gates foundation and his family charities will surely put the money to good use. I just think it's a little incestuous and fairly unimaginative for one rich guy to dime off his fortune on another rich guy, that's all. It feels like he doesn't trust the dirty proletariat to handle his all his money, so better give it to someone who has experience handling so many zeroes. Ah, who knows. But no, it's great that he gave all the money away and so forth.
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