Warren Buffett, the billionaire chairman and CEO of investment firm Berkshire Hathaway, resigns from the Bill and Melinda Gates Foundation for no particular reason, why you ask?
the The New York Times reported that Buffet, a close friend and bridge partner co-founder and former Microsoft chairman Bill Gates for decades gave no reason for his decision to step down as a director. This is particularly notable because the 90-year-old Buffett gave the foundation $ 30.1 billion in 2006 and, according to the Times, said in a statement that he has since donated $ 4 billion. additional. In that statement, Buffett went out of his way to distance himself from the charity, saying he had not been active in that role for an indefinite period.
“For years, I was a trustee – an inactive trustee – of a single beneficiary of my funds, the Bill and Melinda Gates Foundation (BMG),” Buffett wrote in the statement. “I am resigning from this position now, as I have done on all boards other than Berkshire. “
While Buffett may have chosen not to explain his decision, it’s easy to assume that it had something to do with a number of hits to Bill Gates’ reputation in recent years. These include his divorce imminent of his wife Melinda, who would have has something to do with the announcement of his long-standing habit of socializing with notorious late billionaire pedophile Jeffrey Epstein (including his home) against his will. It also includes reports, recognized as true by Gates spokespersons, that he had an affair with a Microsoft employee around the year 2000.
Microsoft launched an investigation into Gates’ inappropriate relationship with a subordinate in 2019. AAt around the same time, Gates resigned as chairman of the company, although his spokespersons insisted there was no connection. Despite mounting evidence that he and Epstein dragged on numerous times and a report that the Microsoft founder even tried to rely on Epstein’s social connections to win himself a Nobel Peace Prize, spokespersons for Gates also insisted he had only met the convicted pedophile in hopes of attracting charitable donations. Gates resigned from the Berkshire Hathaway board in 2000, although he did everything possible to clarify his friendship with Buffett did not end.
Gates also drew a good amount of flak linked to its extensive efforts during the coronavirus pandemic to center intellectual property rights in the global vaccine distribution effort, although Berkshire Hathaway has bought heavily pharmaceutical stocks who would benefit. Joe Biden’s administration said he supports the waiver World Trade Organization on Trade Intellectual property rights for coronavirus vaccines, although the pharmaceutical industry has fought fiercely.
Buffett, as The Times noted, has seen his own image take a hit recently. ProPublica recently published a leak of Documents de l’Internal Revenue Service showing despite gaining $ 24.3 billion in Buffett’s net worth over the years 2014 to 2018, he was able to skate paying just $ 23.7 million in taxes. In his statement to the newspaper, Buffett claimed he had “relatively little” income because most of his wealth was in Berkshire Hathaway’s holdings and he only saved 40 cents in taxes for each. $ 1,000 he was giving.