Warren Buffett Resigns From Gates Foundation Board – JP


Update (1200ET): In a statement, Bill Gates responded to Warren Buffett’s decision to leave the Gates Foundation board by saying he was grateful for all the wisdom and leadership Buffett has shown.

In another potential indicator of how public opinion has turned against Bill Gates in the weeks since he and his now ex-wife Melinda Gates disclosed their divorce plans, financier Warren Buffett has resigned as a trustee of the Bill and Melinda Gates Foundation. Buffett’s position on the board was a major PR coup for the foundation, which is one of the world’s biggest charitable enterprises.

Buffett, now 90, announced his decision to step down from the Gates Foundation board in a statement that also announced he had reached the halfway point in giving his Berkshire Hathaway shares to charity. Buffett gave away another $4.1 billion in Berkshire shares to give foundations.

In a statement shared with CNBC, Buffett said he was resigning from the Gates Foundation board “just as I have done at all corporate boards other than Berkshire’s”.- READ MORE

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