Bay Area wealthy sign up to give money away

Posted:
in General Discussion edited January 2014
Bay Area wealthy sign up to give money away



By Brandon Bailey

[email protected]

Posted: 08/04/2010 04:06:22 PM PDT

Updated: 08/04/2010 10:37:58 PM PDT



Lobbied by Gates, two Silicon Valley couples pledge to donate half their billions

In a highly unusual joint statement, 40 of the nation's wealthiest individuals -- including Oracle CEO Larry Ellison and "Star Wars" filmmaker George Lucas -- said Wednesday that they will give at least half their assets to charity.



...The roster of names released Wednesday includes Silicon Valley notables such as venture capitalist John Doerr, former Cisco Systems CEO John Morgridge, eBay founder Pierre Omidyar and former eBay President Jeff Skoll. Also signing were Golden West Financial co-founders Herb and Marion Sandler of Lafayette.



Absent from the list were several other tech industry figures who were ranked by Forbes magazine last year as among the 50 wealthiest individuals in the United States, including Google co-founders Sergey Brin and Larry Page, Google CEO Eric Schmidt and Apple CEO Steve Jobs.



See full article at http://www.mercurynews.com/ci_15677818

Comments

  • Reply 1 of 3
    SpamSandwichSpamSandwich Posts: 30,581member
    Personally, I'm against these billionaires "giving away" their money, although they are certainly free to do so. If anything, it would be nice if they would sponsor "entrepreneur education" programs in American schools to really teach people how money is made, not by stealing it, not by holding out your hand, but by inventing, investing and starting companies to provide goods and services people want and need.



    These giveaways may lead to more impressions of entitlement, which is the last thing we need in this age of bailouts.
  • Reply 2 of 3
    Quote:
    Originally Posted by SpamSandwich View Post


    Personally, I'm against these billionaires "giving away" their money, although they are certainly free to do so. If anything, it would be nice if they would sponsor "entrepreneur education" programs in American schools to really teach people how money is made, not by stealing it, not by holding out your hand, but by inventing, investing and starting companies to provide goods and services people want and need.



    These giveaways may lead to more impressions of entitlement, which is the last thing we need in this age of bailouts.



    yeah.. I absolutely agree with you. They should have given the orphanage, donate it to the organizations and sponsor many homeless people to be given a house and be able to go to school. They should have to do that.
  • Reply 3 of 3
    That doesn't really help people suffering from diseases that these donations will go towards helping. Or any of the other charities that work to help people in unavoidable circumstances. Not much point knowing how to be good in business when your house was hit by a flood and you have no food.
Sign In or Register to comment.