May 8, 2007
Re "Buffett's stock conflicts with Gates charity aims," May 4 I find The Times' vilification of Warren Buffett and Bill Gates incomprehensible. They are the greatest heroes of our capitalistic system. They have produced great wealth and true value utilizing our capitalistic system and now are giving the personal wealth they gained for truly humanitarian efforts. Most of the past giants of American industry have used their wealth to gain political power and build monuments to themselves.
March 24, 2007
Re "A wealth of cheapskates," Current, March 18 Gregg Easterbrook's piece bashing billionaires for their stingy ways is good up to a point. He points out that most of the world's top billionaires give less than 1% of their net worth to charities every year, but he reserves special scorn for Bill Gates, who has given about one-third of his money -- $26.2 billion -- to the Bill & Melinda Gates Foundation, calling it "crumbs from the table." He compares Gates to Andrew Carnegie, who gave away 78% of his fortune in his lifetime, and to Warren Buffett, who has given most of his fortune to the Gates Foundation.
February 25, 2007
I wonder what the workplace ethos will be in the luxury Four Seasons Hotel Inc. being taken private by a group led by Bill Gates and Saudi Prince Alwaleed bin Talal ("Gates, prince in deal for Four Seasons," Feb. 13). Owned by billionaires, frequented by the well-heeled, the Four Seasons could be a model of corporate social responsibility in its daily practices. Think of it: living wages for all hotel employees, on-site child care, paid health insurance coverage, matching savings plans, stock options and so on. Gates and Prince Alwaleed could make a real social contribution by investing corporate profit back into the daily lives of their new employees.
February 13, 2007 |
A $3.37-billion deal announced Monday by billionaires Bill Gates and Saudi Prince Alwaleed bin Talal to buy the luxury Four Seasons Hotels Inc. underscores a frenzy by well-heeled investors to acquire hotels and lodging companies worldwide. The investment trend is the result of a worldwide economic boom that has sparked a surge in global demand for business and leisure travel, a sharp turnaround from the slump after the 2001 terrorist attacks.
November 7, 2006 |
Saudi Prince Alwaleed bin Talal and an investment firm owned by Microsoft Corp. Chairman Bill Gates launched an offer for Four Seasons Hotels Inc. on Monday that proposed to take the Canadian luxury hotelier private. News of the bid from two of the world's richest men sent the company's stock up more than 29%, slightly topping the bid price of $82 a share in cash.
July 30, 2006 |
WARREN Buffett's gift of $31 billion to the Bill and Melinda Gates Foundation will double the foundation's assets, bringing it to more than $60 billion, and will increase its annual giving to nearly $3 billion. Never before has an individual given such a large amount of money to someone else's foundation. Never before has a private foundation had assets of this dimension.
June 27, 2006
Re "Buffett Pledges Billions to Gates," June 26 Bill Gates and Warren Buffett putting billions of dollars into world healthcare initiatives is great news for Americans. Our healthcare system is speeding toward Third World status faster than a congressional holiday evacuation. Who needs a whiny, bickering Congress whose pathetic inaction and obvious contributor protectionism only perpetuates and accelerates the chaos? Fear not, we may yet be saved. Thanks, Bill and Melinda and friends, in advance.
June 17, 2006 |
As Bill Gates begins the two-year process of cleaning out his desk at Microsoft Corp., the two men named to succeed him bring decidedly different experiences and personalities to the top technical jobs at the world's most powerful software company. The question: Whether Craig Mundie and Ray Ozzie can reshape computing the way Gates did.
June 16, 2006
BILL GATES' ANNOUNCEMENT on Thursday that he was phasing himself out of Microsoft's day-to-day operations drew the predictable round of cheers from Microsoft bashers, of which there is no shortage. Even some of the company's backers had yearned for a management shake-up at the company, whose marquee product -- the next version of Windows, dubbed Vista -- has suffered repeated delays and whose once-unstoppable stock has languished.
June 16, 2006 |
Microsoft Corp. Chairman Bill Gates said Thursday that he would begin relinquishing day-to-day oversight of the software giant he co-founded and steered to dominance to devote more energy to philanthropy. In so doing, the man who became the archetype of the late-20th century mogul appeared intent on solidifying his legacy in the manner of tycoons from another era.