Tuesday, November 19, 2013

60 Minutes And The Gates-Buffett 'Giving Pledge': What They Got Right--and Wrong - Forbes

60 Minutes And The Gates-Buffett 'Giving Pledge': What They Got Right--and Wrong - Forbes: The “Giving Pledge”, the push by Bill Gates and Warren Buffett to convince billionaires around the globe to dedicate half their wealth to philanthropy, has hardly been a secret effort—but now that it’s surfaced on 60 Minutes it’s gained an even higher profile. There are some obvious reasons that one might be concerned about the idea –but, it turns out, they’re not the right ones. Still, there are reasons why those serious about effective philanthropy should be worried about the model Gates and Buffet promoted on CBS.

First, the wrong reasons to be concerned. Some will see the Giving Pledge signatories as seeking only to launder their reputations

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