Tuesday, August 29, 2006

The ‘business of beneficence’ - On Line Opinion - 29/8/2006

The ‘business of beneficence’ - On Line Opinion - 29/8/2006: "n the tradition of philanthropist Andrew Carnegie, who famously said, “The man who dies rich, dies disgraced,” under the dome of the Celeste Bartos Forum in the New York Public Library Warren Buffett recently signed five commitment letters.

These letters were addressed, one each to the foundations run by his three children, one to the foundation in his late wife's name and perhaps most significantly one to the foundation run by Bill Gates, and his wife, Melinda. With a stroke of his pen, the world’s second-wealthiest man, Warren Buffett, gave away the bulk of his $44 billion fortune in an extraordinary charity deal with Bill Gates, the founder of Microsoft."

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