Archive for June 23rd, 2006

23rd June
2006

First Published in The New York Sun, June 23, 2006

By Andrew Wolf

William H. Gates III, the chairman of the Microsoft Corporation, announced last week that he will be phasing out his day-to-day involvement running the company he founded, in order to increase his participation in his charitable enterprises.

Mr. Gates comes from a household that loves to give away money, so much so that he and his father, William H. Gates II, have raised loud support for the reinstatement of the federal estate tax. It seems that to the Gateses it doesn’t matter much how it goes out the door, as long as their money doesn’t stick around littering the house. (more…)