Re: news from Google

[Bruce Williams <williams.bruce () gmail com>]

Bill Gates has made a commitment to basically give away all of his money and
quit MS to devote full time to doing it. It will be a hard act to follow.


On Tue, Dec 22, 2009 at 10:03 AM, JC Dill <jcdill.lists () gmail com> wrote:

> Hank Nussbacher wrote:
>
> > Google makes about $1.5B profit per quarter.  $20M of charity?  I don't
> > like MS any more than most, but Gates Foundation has received $20B from Bill
> > and Warren over the past 3 years.  My hat goes off to those guys!
>
> Yes, the Gates Foundation gives a lot of money to worthy causes, which is
> truly admirable.
> However, to put things into perspective let's take a look at the history of
> these two companies.
>
> Microsoft was founded 34 years ago (in 1975) and IPOd 23 years ago (in
> 1986).  Bill Gates didn't start his foundation until 12 years after the IPO.
>
> Google was founded (incorporated) 11 years ago in 1998, IPOd 5 years ago in
> 2005.  Google Foundation was created as part of the IPO: "a commitment to
> contribute significant resources, including 1% of Google's equity and
> profits in some form, as well as employee time, to address some of the
> world's most urgent problems. That commitment became a range of giving
> initiatives including Google.org."
>
> How much did Microsoft give to charity in 1991, 5 years after their IPO?
>  Would you bet against a proposition that by 2028 the Google Foundation does
> just as much (or more) than the Gates foundation is doing today?
> jc


-- 

“Discovering...discovering...we will never cease discovering...
and the end of all our discovering will be
to return to the place where we began
and to know it for the first time.”
-T.S. Eliot