Sage Opinion: Profits Rule
A short time ago The New York Times published an article about the Goldman Sachs Foundation and their $200 million endowment. They grant millions annually to two causes: women entrepreneurs and business education for disadvantaged people. Both are international programs. What may be of special interest to non-profits is a brief mention of Warren Buffet buried in the middle of the article. It seems the "Sage of Omaha" has his own ideas about corporate giving. He doesn't like it. In fact, he thinks it's contrary to the purpose of publicly traded corporations. They're here to serve the stockholders and make sure their dividends are as substantial as possible.
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