Re:Jeff Bezos Surpasses Bill Gates as World's Richest Person
by throwaway328832 on Thursday July 27, 2017 @02:55PM
(#14868271)
There's the little issue of him having to liquidate his shares to put it into charity.
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Re:Jeff Bezos Surpasses Bill Gates as World's Richest Person
by ridgeguy on Thursday July 27, 2017 @03:17PM
(#14868456)
He could transfer shares to charities of his choice. No liquidation required of Bezos.
Re:Jeff Bezos Surpasses Bill Gates as World's Richest Person
by Paul-ish on Thursday July 27, 2017 @04:04PM
(#14868920)
Universities, and I would guess charities as well, tend to liquidate their shares immediately to avoid conflicts of interest. Liquidating that many shares that fast would cause havoc in the markets.
Re:Jeff Bezos Surpasses Bill Gates as World's Richest Person
by gpawl on Thursday July 27, 2017 @04:12PM
(#14869002)
This is why foundations exist; to hold accumulated wealth.
https://www.gatesfoundation.org/
http://www.bezosfamilyfoundation.org/ <- Jeff's parents, not Jeff
Re:Jeff Bezos Surpasses Bill Gates as World's Richest Person
by rubicon33 on Thursday July 27, 2017 @06:01PM
(#14870025)
The Gate's foundation opening line:
> "we are impatient optimists working to reduce inequity"
Ironic considering that these foundations literally exist because of the consolidation of wealth and resources, aka, inequity.
And if the global trend of further wealth consolidation is any indicator, they're not succeeding.