'Giving while living' alters inheritances
,----[ Quote ]
| When Microsoft founder Bill Gates and his wife set up the Bill and
| Melinda Gates Foundation in 1994, it was an example of a family
| foundation "born large," says Sara Engelhardt, president of the Foundation
| Center, which backs the creation of charitable foundations.
`----
http://www.usatoday.com/money/2007-08-23-inheritance_N.htm?csp=N008
Related:
Dark cloud over good works of Gates Found
http://www.latimes.com/news/nationworld/nation/la-na-gatesx07jan07,0,6827615.story?coll=la-home-headlines
,----[ Quote ]
| My background is finance and accounting....
|
| However, the Gates Buffet foundation grant is nothing more than a shell
| game in which control of assets for both Gates and Buffet remain the same.
|
| THE ONLY DIFFERENCE IS THAT THE ACCUMULATION OF WEALTH BY THESE TWO WILL BE
| MUCH MORE MASSIVE BECAUSE THEY WILL NO LONGER HAVE TO PAY ANY TAXES.
`----
http://www.mail-archive.com/futurew...@xxxxxxxxxxxxxxxx/msg03323.html
Politics and tech companies: follow the money
,----[ Quote ]
| Microsoft took first place with $651,100 given out, while
| Hewlett-Packard gave only $185,550, and Gateway gave a paltry
| $2,000. Microsoft's donations certainly illustrate well the true
| size of the company and the extent of its political concerns.
|
| [...]
|
| For instance, Microsoft's PAC spent $1.7 million in the 2006 election
| cycle, but only a third of this went to federal candidates. What
| happened to the rest? It went to local campaigns, paid out a few
| thousand dollars at a time to groups like "Boal for Iowa House" in
| Ankeny, IA. It also funded other PACs like the "Associated Republicans
| of Texas" and the "Blue Dog Political Action Committee." No race is
| apparently too small to be funded; even Indiana State Representative
| Terri Austin of Anderson, IN got $500.
| Lobbyists
|
| But the real money isn't even given to the candidates directly. It
| goes to lobbyists, which can be safer investments since they stand no
| chance of losing at the polls. The complete-year figures from 2005
| show that Microsoft spent $8.7 million on lobbyist expenses. Almost
| a million dollars of that money went to Covington & Burling, a
| lobbying firm that also represents the National Football League and
| the Pharmaceutical Research & Manufacturers of America. Microsoft's
| total spending on lobbying has risen substantially from the $4
| million it spent in 1998.
|
| [...]
|
| Where does it come from?
|
| Although some of this money comes from large employee donations,
| most of it does not. Take Microsoft, for instance; the Center for
| Responsive Politics says that the company received only $302,599
| from individual donors who gave more than $200 in this election
| cycle, only a small fraction of the $1.7 million actually spent.
| As is typical, much of this money came from the company's top
| brass, while the rest was made up of small contributions.
|
| The maximum individual contribution to a PAC is $5,000 a year.
| Melinda, whose occupation is listed in Federal Election Commission
| records as "homemaker," regularly contributes this amount, as does
| Bill. Steve Ballmer coughed up, too. Microsoft can use general
| company funds to support the PAC and its operations, but cannot
| give directly to candidates.
`----
http://arstechnica.com/news.ars/post/20061110-8194.html
Gates sold 100,000 Univision shares-SEC filing
,----[ Quote ]
| The foundation said it sold its remaining stake in Univision,
| which is in the process of being acquired by private investors,
| for an average of $35.34 per share in open market transactions.
`----
http://yahoo.reuters.com/news/articlehybrid.aspx?storyID=urn:newsmlreuters.com:20070105:MTFH49951_2007-01-05_22-11-13_N05298823&type=comktNews&rpc=44
http://tinyurl.com/yll88p
Gates Foundation Revokes Pledge to Review Portfolio
,----[ Quote ]
| ...the Gates Foundation took down their public statement on this
| and replaced it with a significantly altered version which seems to
| say that investing responsibly would just be too complex for them
| and that they need to focus on their core mission: 'There are
| dozens of factors that could be considered, almost all of which
| are outside the foundation's areas of expertise. The issues
| involved are quite complex...
`----
http://slashdot.org/article.pl?sid=07/01/12/1756212&from=rss
Bill Gates lends cash to buy newspapers
$350 million to MediaNews
,----[ Quote ]
| Gates involvement has been very behind the scenes. In fact many of
| those involved in the deal didn'teven know he was one of the investors.
| It was carried out through the Gates Foundation, the world's largest
| philanthropy outfit.
`----
http://www.theinquirer.net/default.aspx?article=33849
More on Troy Wolverton, the Street, and Apple Scandal
,----[ Quote ]
| MediaNews did buy the Mercury News with a loan from Bill Gates' foundation,
| and is in the process of paying back that loan by publishing information
| without much journalistic or technical integrity.
|
| Specifically, I wrote “One might think that the San Jose Mercury News, being
| located in Apple's backyard, would tend to trumpet the company's success. One
| would be wrong... Apple's corporate proximity to San Jose is trumped by the
| Mercury News’ need to publish low cost, highly sensational news to make
| enough money to pay back Bill Gates for the favor of his humanitarian loan.”
`----
http://www.roughlydrafted.com/RD/RDM.Tech.Q3.07/082663E0-6FD8-4F1D-909F-1BC72833AD02.html
Bill Gates fund reports 12.8 pct PlanetOut stake
,----[ Quote ]
| Bill Gates' investment fund Cascade Investment LLC reported in a regulatory
| filing on Friday that its holds a 12.8 percent stake in the common stock of
| online media company PlanetOut Inc.
`----
http://www.reuters.com/article/topNews/idUKN1331033020070713?rpc=44
Beeb slammed for 'fawning' to Bill Gates
,----[ Quote ]
| BBC viewers have flooded the corporation with complaints over how it
| covered the launch of Microsoft Vista earlier this week.
|
| In one cringingly servile interview worthy of Uriah Heep, the
| Beeb's news presenter Hugh Edwards even thanked Gates at the
| end of it, presumably in appreciation at being allowed to give
| the Vole vast coverage for free.
|
| In other TV news items presenters excitedly explained how Vistac
| ould be obtained and installed - details courtesy of the BBC's
| website.
|
| But British viewers, currently forced to pay a £131.50 licence
| fee to maintain the BBC's "impartiality", were less than impressed.
|
| Scores got in touch to complain that so much was Auntie up Bill's
| bum that you could barely see her corset.
`----
http://www.theinquirer.net/default.aspx?article=37411
PC World Editor Resigns When Ordered Not to Criticize Advertisers
,----[ Quote ]
| Apparently he also told the staff that product reviews had to be
| nicer to vendors who advertise in the magazine. The sad thing is
| that given the economics of publishing in this day and age, I
| doubt anything even comes of this even tho it essentially
| confirms that PC World reviews should be thought of as no
| more than press releases. I know that's how I will consider
| links from them in the future. But congratulations to anyone
| willing to stick to their guns on such matters.
`----
http://slashdot.org/article.pl?sid=07/05/03/1810239&from=rss
What happened to the guts?
,----[ Quote ]
| Of one thing I am fairly certain. Microsoft all but eliminated
| mainstream software competition. As a result, Microsoft became
| the primary source of advertising revenue for mainstream publications.
| You don't bite the hand that feeds you. So instead of publishing
| issues calling for a worldwide boycott of Vista because it focuses
| more on what you can't do than what you can do, you see special
| editions praising Vista as the greatest advancement in computing
| since Windows 95. Granted we all know that Windows 95 was a dog
| from day one, but by the 90s, the mainstream press had already
| become rampant with Microsoft sycophants and they pushed Windows
| 95 like it was the second coming.
|
| [...]
|
| In short, I'd love to see a mainstream publication become an
| advocate for the consumer once again.
|
| As noted above, there are exceptions, including Linux Journal,
| most other FOSS-centered publications and even The Register.
| But we're the little guys.
`----
http://www.linuxjournal.com/node/1000173
http://slated.org/bbc_microsoft_bias
|
|
