Thursday, July 29

Philanthropy

Berkshire Hathaway, Bill & Melinda Gates Foundation, Bureaucracy, corporate strategy, Management, Mark Suzman, Markets, MI Exclusive, Philanthropy, Warren Buffett

Warren Buffett warned the Bill & Melinda Gates Foundation’s CEO about the’ABCs.’ The investor has flagged those threats before

Warren Buffett and Bill Gates. Reuters/Jason Lee Warren Buffett warned the Bill & Melinda Gates Foundation's CEO about the "ABCs" last year. The investor sees arrogance, bureaucracy, and complacency as major threats to large organizations. Buffett, who has gifted $33 billion to the foundation, once called the ABCs "corporate cancers." See more stories on Insider's business page. Warren Buffett told the CEO of the Bill & Melinda Gates Foundation that the greatest threats to the philanthropic behemoth were cockiness, red tape, and self-satisfaction. The billionaire investor and Berkshire Hathaway CEO, who has gifted a total of $33 billion to the foundation and resigned as its trustee in June, has warned about those forces in the past.Mark Suzman took charge of the Gates Foundation ...
4th Of July, Berkshire Hathaway, Bill Gates, Giving Pledge, Markets, MI Exclusive, Microsoft, Philanthropy, Stocks, Warren Buffett, Weekend BI UK

Warren Buffett and Bill Gates met on 4th of July weekend 30 years ago. Here’s how their iconic friendship began.

Warren Buffett and Bill Gates first met 30 years ago on Fourth of July weekend. The investor and the Microsoft cofounder expected to have little in common. Buffett and Gates became close friends and philanthropic partners. See more stories on Insider's business page. Warren Buffett and Bill Gates are very close friends who have partnered in philanthropy, political activism, and online bridge. Their iconic friendship began almost 30 years to the day on Fourth of July weekend, 1991.Buffett was visiting Meg Greenfield, a Washington Post editor based in Washington state at the time, he recalled at Berkshire Hathaway's annual meeting in...
Berkshire Hathaway, Charity, Inheritance, Markets, MI Exclusive, NoVo Foundation, Peter Buffett, Philanthropy, Stocks, Warren Buffett, Weekend BI UK

Warren Buffett has gifted about $2 billion to each of his 3 children’s foundations. His youngest son is using some of the cash to revitalize a community.

Peter Buffett and Warren Buffett. Nati Harnik/AP Warren Buffett has donated about $2 billion in total to each of his three children's foundations. Peter Buffett's NoVo Foundation is using some of the funds to revitalize Kingston, New York. The investor and his son disagree on some topics, but they both love their jobs. See more stories on Insider's business page. Warren Buffett has donated about $2 billion worth of Berkshire Hathaway stock to each of his three children's foundations over the past 15 years. Peter Buffett, his youngest child, has been using some of those funds to revitalize the city of Kingston, New York, he told The Wall Street Journal in a recent interview.Buffett, a billionaire investor and Berkshire's CEO, pledged in 2006 to give m...
Abigail Disney, Berkshire Hathaway, Billionaires, MacKenzie Scott, Markets, MI Exclusive, Philanthropy, ProPublica, Taxes, The Walt Disney Company, Walt Disney, Warren Buffett

Walt Disney’s great-niece praised Warren Buffett’s character-but argued most of his $100 billion fortune should go to the government, not philanthropy

Warren Buffett. REUTERS/Rick Wilking Walt Disney's great-niece disagrees with Warren Buffett's approach to charity. Abigail Disney praised Buffett's character, but argued the government should get most of his fortune. Buffett is halfway towards his goal of contributing over 99% of his wealth to philanthropy. See more stories on Insider's business page. Walt Disney's great-niece praised Warren Buffett's character in a recent tweet, but disagreed with the billionaire investor's view that his fortune should go to philanthropic organizations instead of the government."I think WB is a good man with a good heart," Abigail Disney tweeted about Buffett's recent statement on how he approaches philanthropy. "But much of that money would be more fairly and accountably spent by the gov't."Bu...
Berkshire Hathaway, Bill and Melinda Gates Foundation, Charity, Markets, MI Exclusive, Philanthropy, Warren Buffett

Warren Buffett resigns as trustee of the Gates Foundation — weeks after Bill and Melinda’s divorce

Warren Buffett is resigning as a trustee of the Bill and Melinda Gates Foundation. Buffett is stepping down weeks after the Microsoft cofounder and his wife announced their divorce. Buffett also hit the 50% milestone in giving away over 90% of his Berkshire Hathaway "A" shares. Warren Buffett is resigning as a trustee of the Bill and Melinda Gates Foundation, weeks after the Microsoft cofounder and his wife announced their divorce."For years I have been a trustee – an inactive trustee at that – of only one recipient of my funds, the Bill and Melinda Gates Foundation (BMG)," the billionaire investor and Berkshire Hathaway CEO said ...