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The largest stream of charitable donations in California come from the most IP-paranoid hedge fund I know of. If you have negative opinions of the finance indu
by auntienomen 3y ago
The largest stream of charitable donations in California come from the most IP-paranoid hedge fund I know of.
If you have negative opinions of the finance industry in general, I can't do much but remind you that it's a large and varied industry and that your opinions are priors you should expose to relevant data.
- tijtij 3y agoMaybe the reason that the most IP-paranoid hedge fund makes the largest charitable donations in California is to proactively secure favorable publicity in case they become embroiled in a scandal that could impact their financial standing. Moreover, it raises the question of who truly benefits from these charitable contributions. For example, Ikea is owned by a charity for tax optimization purposes. The mission of the charity is to promote interior design and architecture. Essentially, strategic investments that will ultimately benefit Ikea itself in the long run.
- auntienomen 3y agoInterestingly, it's the opposite. They made the donations anonymously and were outed by a charity reporter. Likewise, the charities were things like the Sierra Club, various disease research foundations, and the ACLU.