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“For years I have been a trustee — an inactive trustee at that — of only one recipient of my funds, the Bill and Melinda Gates Foundation (BMG). I am now resign
by ipqk 5y ago
“For years I have been a trustee — an inactive trustee at that — of only one recipient of my funds, the Bill and Melinda Gates Foundation (BMG). I am now resigning from that post, just as I have done at all corporate boards other than Berkshire’s,” Buffett said. “The CEO of BMG is Mark Suzman, an outstanding recent selection who has my full support. My goals are 100% in sync with those of the foundation, and my physical participation is in no way needed to achieve these goals.”
- Frost1x 5y agoPretty sure they predicted media spin on this and headed it off directly and explicitly in the announcement, in the exact same sentence as the resignation none-the-less, as to the fact he resigned from all boards (other than his baby of course). Yet, here we are.
- mchusma 5y agoThey also almost downplay the whole "gave $4.1B" thing. Which even buffet wouldn't do if he didn't have confidence.