Irrelevant. Charity always has been a good method to gain social acknowledgment with which you can justify A) being bloody rich B) selling a crap product. Mr. Gates has always been criticized for accumulating too much wealth for no reason, with investing into charity, these critics are silenced and his company can carry on with being acknowledged for social responsibility.
It doesn't matter what you achieve with charitable contributions, what matters is that you still have 99% of your income on your personal bank account. With good media campaign (and achievements, of course) however, you can tune up that 1% to look like more, with which everyone will go "awww, he's such a nice person, using all his money for good deeds". That will also make your product sell better, since people won't only avoid turning away with disgust, they will feel involved with your charitable activities.
As I said, just marketing.
I disagree. First off, it is a good thing. Second, Bill is doing a lot of work himself. Do you even know how much he donated? There is no way he would earn even half that much money back by having a good reputation.Irrelevant. Charity always has been a good method to gain social acknowledgment with which you can justify A) being bloody rich B) selling a crap product. Mr. Gates has always been criticized for accumulating too much wealth for no reason, with investing into charity, these critics are silenced and his company can carry on with being acknowledged for social responsibility.
It doesn't matter what you achieve with charitable contributions, what matters is that you still have 99% of your income on your personal bank account. With good media campaign (and achievements, of course) however, you can tune up that 1% to look like more, with which everyone will go "awww, he's such a nice person, using all his money for good deeds". That will also make your product sell better, since people won't only avoid turning away with disgust, they will feel involved with your charitable activities.
As I said, just marketing.
What is wrong about having a lot of money?Mr. Gates has always been criticized for accumulating too much wealth for no reason
It doesn't matter what you achieve with charitable contributions, what matters is that you still have 99% of your income on your personal bank account.
What do you mean by that? What "foundations"? Non-profit ones? Those enjoy tax exemptions and are required to make their financial records public. I think the taxman might be a bit mad if someone was storing their personal wealth in one.