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Reed Hastings exiting Netflix (after being an absentee co-CEO for many years). Next day Netflix announces price increases on their services (probably to fund a bonus for his replacement).
If Jeff Bezos could afford to spend $75 million on the Melania movie & $500 million for a yacht to sail off to his $55 million wedding to give his wife a $5 million ring, please don't tell me he needed to fire one-third of the Washington Post staff.
Democracy dies in oligarchy.
If Jeff Bezos could afford to spend $75 million on the Melania movie & $500 million for a yacht to sail off to his $55 million wedding to give his wife a $5 million ring, please don't tell me he needed to fire one-third of the Washington Post staff.
Democracy dies in oligarchy.
chan-zuckerberg-foundation 2020: 226M$ revenue, 188M$ functional expenses, 103M$ in liabilities. This looks a lot like a tax dodge. Compare to Hanauer's foundation that is 0$ in functional expenses and $1 (yes, one dollar) in liabilities. These are all 2020 numbers. I didn't dig too deep, but I think Zuck is not likely to make a convincing argument for himself.
Just because... I took a quick run through the 2023 Form 990 I found on Guidestar... and I think some skepticism is warrented, but any conversation around actual giving right now is premature.
They have $5B in the foundation, and spent $60M on gifts. $21M of that went to a Chan-Zuck research lab. For now, I guess it's wait and see. It's better than not committing anything to a foundation.
Sidenote: The 5 listed employees for the foundation are all making $600k+. Good place to work. They're engineers and technical folks, I'm sure with big degrees and former titles...but still.
chan-zuckerberg-foundation 2020: 226M$ revenue, 188M$ functional expenses, 103M$ in liabilities. This looks a lot like a tax dodge. Compare to Hanauer's foundation that is 0$ in functional expenses and $1 (yes, one dollar) in liabilities. These are all 2020 numbers. I didn't dig too deep, but I think Zuck is not likely to make a convincing argument for himself.
not that competent in non-profit accounting, but odd they wouldnt have any liabilities (no accrued expenses, a/p...)...i assume CZI is related to pending/committed/multiyear grants.
If someone is giving away near 100% of their equity, a significant chunk of their wealth, for worthy causes...
True, but Hanauer is just barely, and he gives a lot and supports a lot of good causes. Scott is doing the same at a much larger scale, but she's got a self replicating pile.
Zuckerberg pledged 99% of his meta shares to charity, including his wife's organization.
chan-zuckerberg-foundation 2020: 226M$ revenue, 188M$ functional expenses, 103M$ in liabilities. This looks a lot like a tax dodge. Compare to Hanauer's foundation that is 0$ in functional expenses and $1 (yes, one dollar) in liabilities. These are all 2020 numbers. I didn't dig too deep, but I think Zuck is not likely to make a convincing argument for himself.
