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Businesses The Almighty Buck

Bill Gates To Stanford Grads: Don't (Only) Focus On Profit 284

Posted by Unknown Lamer
from the see-your-enemies-driven-before-you-too dept.
jfruh (300774) writes "The scene was a little surreal. Bill Gates, who became one of the world's richest men by ruthlessly making Microsoft one of the word's most profitable companies, was giving a commencement address at Stanford, the elite university at the heart of Silicon Valley whose graduates go on to the endless tech startups bubbling up looking for Facebook-style riches. But the theme of Gates's speech was that the pursuit of profit cannot solve the world's problems."
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Bill Gates To Stanford Grads: Don't (Only) Focus On Profit

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  • by HannethCom (585323) on Tuesday June 17, 2014 @03:51AM (#47252429)
    They have very strict rules for "giving" money.

    First off, Gates only contributes as much money to the foundation as can be written off.

    He "generously" gives to school districts. In exchange the school must only use Microsoft products. We will pay for the computers and initial licenses, but then you get locked into an agreement to pay Microsoft Licensing Fees, which means the Gates Melinda Foundation will pay %40 of the cost, and the schools have to pick up the back end 60% in a few years time. Gates still has substantial shares in Microsoft.

    Some places they have built water treatment plants to treat the water that has been polluted by the factory built up the river. In quite a few of the cases, the factory built up the river was made by a company with investment money from the Gates Melinda Foundation.

    They have also developed Common Core, to teach English and Math in the way that Bill Gates thinks it should be taught. Adopted in 46 states so far partially due to the $76 million to help adopt their philosophy. Common Core mandates that a far greater percentage of classroom time be spent on “fact-based” learning. Malcolm Gladwell’s Tipping Point instead of Shakespeare. Freakonomics instead of Poe. Bill and Melinda Gates truly believe that population control is key to the future through artificial contraception, sterilization, and abortion initiatives. Regardless if you agree with this or not, the "charity" is making sure with its money, this is what your children are being taught.
  • by Tom (822) on Tuesday June 17, 2014 @04:19AM (#47252521) Homepage Journal

    And figured out that his MSFT business approach was counter-productive as far as bettering the world goes.

    Negative on that. He runs his charity much like he ran MS. In fact, several other charities are complaining how he's driving out the "competition" - which even though it's not about profits does have the same result we all know from MS: A lot of the aid programs now depend on his foundation in one way or the other. Especially in his most public work against malaria, he's made the pharma companies he works with near monopolies (and, surprise, he owns stock in them).

    He's doing good now, but his methods are still the same.

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