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Giving Until It Hurts -- Warren Buffett, Berkshire Hathaway & Population Control
The Wall Street Journal ^
| Friday, August 1, 2003
| THOMAS STROBHAR
Posted on 08/01/2003 6:38:31 AM PDT by TroutStalker
Edited on 04/22/2004 11:49:35 PM PDT by Jim Robinson.
Berkshire Hathaway, the hugely successful, Nebraska-based company led by Warren Buffett, recently announced an end to its program for charitable giving, and in a way that is big news.
The program was an object of adoration for years, not least because it allowed Class A shareholders to designate where they wanted their portion of the company's charity to go. It seemed so democratic, so enlightened compared with the usual corporate-charity model: allowing an executive committee to pick a few charities on behalf of all shareholders. And yet we should be glad that Berkshire's program has ended. It was a bad idea in the first place.
(Excerpt) Read more at online.wsj.com ...
TOPICS: Business/Economy; Culture/Society; Editorial
KEYWORDS: berkshirehathaway; pamperedchef; populationcontrol; warrenbuffett
Mr. Buffett's billionaire rival, Bill Gates,
is like Buffett an advocate of high taxes. Both enjoy invidious comparison with middle class people who "need" a tax cut.
posted on 08/01/2003 6:53:47 AM PDT
(The everyday blessings of God are great--they just don't make "good copy.")
All those who hate me..
posted on 08/01/2003 7:37:15 AM PDT
(Moderate Islam Is For Dilettantes)
Warren Buffett may havae had a goofey idea, and perhaps he did direct some money to his favorite charity. But he is way to hell and gone ahead of these wussy corps, that don't do anything..The deal was if you owned Warren's Company's stock you agreed to give 10% of your earnings to a charity of your choice. Good Idea.
To: TroutStalker; RnMomof7
Can't old Buffet The Babyslayer just die? Soon? Before he kills again?
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