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Mike Bloomberg is planning to leave his company to charity
- jl2718 3y agoTitle should be “to his charity”. Seems all billionaires are doing this. I understand the tax strategy, but, beyond that, is there something they see coming that we don’t know about?
- toomuchtodo 3y agoHis daughters will run the charity and the tax strategy enables more of the wealthy to go towards the desired charitable causes. Bloomberg, for some time, has funded climate efforts. https://www.bloomberg.org/environment/ https://www.bloomberg.org/environment/
- scrubs 3y agoI worked for bbg for 16 years. I should have quit 5-7 years ago. Anyway I'd be worried, assuming this story is correct noting there was no noise about this on the inside -- for employees.