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Bill Gates: "I have no use for money"

Discussion in 'Off-Topic' started by Nuclear, Jan 21, 2013.

  1. Nuclear

    Nuclear

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    http://www.telegraph.co.uk/technolo...have-no-use-for-money.-This-is-Gods-work.html

    If only other unbelievably rich followed his example
    http://en.wikipedia.org/wiki/Forbes_list_of_billionaires#2012_Top_10
     
  2. Dr Super Good

    Dr Super Good

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    Apparently he is doing wonders at combating Malaria. Hopefully he could remove it as a major international desease in the next 20 years.
     
  3. Zombie

    Zombie

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    This is just another marketing trick. "Support the poor, buy our product!" Typical.
     
  4. Dr Super Good

    Dr Super Good

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    Zombie, you clearly have not seen the work his charity does.
     
  5. Zombie

    Zombie

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    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.
     
  6. Nuclear

    Nuclear

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    Yeah? Tell me, what products does Bill & Melinda Gates Foundation sell?

    Did you even read anything?

    I think you lack understanding here.
     
  7. Zombie

    Zombie

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    My second paragraph was pointing at companies using charity in general, not Gates in particular. It was meant to illustrate a point, not to refer to this specific case.

    Also, I was not talking about the products of the foundation either, I was referring to the fact that Bill Gates still acts as an important Microsoft stakeholder; his deeds will always be correlated to the company, which obviously doesn't give away 95% of its revenue to charity.
     
  8. Pyramidhe@d

    Pyramidhe@d

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    its a whole lot better than what steve job has done. which is to just die.
     
  9. Zombie

    Zombie

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    Can't argue with that. Also is better than what the Rothschild family is doing.
     
  10. Nuclear

    Nuclear

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    And what on earth does Gates' personal deeds have to do with his position with Microsoft? Even if his charity did increase Microsoft's reputation, which I doubt, it still wouldn't matter at all since Gates isn't actively promoting MS via his foundation.
     
  11. Zombie

    Zombie

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    No need to do so, Microsoft is an established brand, everyone also knows the company's relation to Gates. As I said:

    Doing the opposite would be like evaluating nazism without Hitler.
     
  12. Nuclear

    Nuclear

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    Do you think that someone is going to see this and think "Oh, Microsoft is such a good company" or go buy their products? And even if they did, why would it matter?
     
  13. Zombie

    Zombie

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    Neither directly, nor consciously, but it does. It always helps sales if people don't think your company is socially irresponsible.
     
  14. Dr Super Good

    Dr Super Good

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    Why are people making fun of gates...

    There were, are and will be far worse people with similar, if not more, money.

    What about..
    Carlos Slim? Mexican tycoon and richest person in the world.
    Larry Ellison? CEO of the evil Oracle Corporation.

    In the past there was John D. Rockefeller, whos wealth was so large (comparitive to the time) that it is reconed he would have more money than all 10 of the worlds richest people combined if it was subject to inflation.
     
  15. Nuclear

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    You accusations of marketing tricks remain asinine. Certainly a very expensive marketing campaign they have going on there.
     
  16. Zombie

    Zombie

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    DSG, what other people do with their wealth has nothing to do with what I said. The typical "I'm better than others just because I do this" argument is void when observing a single case, irrelevant of the context.

    Also, Nuclear, if you want to show results, you have to reach deep into your pocket. The social contribution of the foundation is still marginal compared to the revenue of Microsoft.
     
  17. Nuclear

    Nuclear

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    And why is this relevant? It seems to me that you're making a nonexistent link between Microsoft and the foundation.
     
  18. Zombie

    Zombie

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    It's relevant because your argument of the campaign being expensive is contradicted.

    Also, I answered to that link thingy already, like twice:

    We're doing circles.
     
  19. Nuclear

    Nuclear

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    I ridiculed your claim of that being a marketing trick by pointing out that giving several billions to charity is not very efficient marketing. Please elaborate this contradiction.

    Let's see your original comment
    Now, are you being serious? I'm not talking about mental links such as MS being an established brand associated with Gates, I'm talking about more concrete stuff that exists outside people's minds. Microsoft is a company, separate from the foundation, and is in no way obligated to donate money if its founder decides to do so. I don't understand how you fail to see this. Bill Gates is donating 95% of his wealth via his and Melinda's foundation eventually, now see that money that he makes from Microsoft is included in this, it requires no action from Microsoft, since money that comes from Microsoft's pocket to Bill's, goes to that 95%.
     
  20. Dr Super Good

    Dr Super Good

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    Bill Gates does not own Microsoft, he only owns part of Microsoft. He is giving his part away in the form of charity.

    Microsoft does not make that much profit though. Revenue is simply how much income they have, not how much they have left after costs. I would like to remind you that every Xbox Microsoft sells costs more to make than the sale price.