Warren Buffett resigns from the Gates Foundation
Warren Buffett will resign as trustee of the Bill and Melinda Gates Foundation.
The couple announced the news a few weeks later Announce divorce After 27 years of marriage, but will continue to jointly run the foundation, which is one of the largest charitable foundations in the world. Gates was once the richest man in the world, and his wealth is estimated to exceed 100 billion U.S. dollars.
“For many years, I have been a trustee of my fund-the trustee of the Bill and Melinda Gates Foundation (BMG)-an inactive trustee. I now resign that position, like I do the same on all company boards except Berkshire,” Buffett said in a prepared statement on Wednesday.
“The CEO of BMG is Mark Suzman. He is an outstanding candidate recently and has received my full support. My goals are 100% synchronized with the goals of the Foundation. To achieve these goals does not require my body to participate.”
Berkshire Hathaway Chairman and CEO Buffett also said on Wednesday that he has achieved his goal of giving up all his shares in the conglomerate, and that he will make another $4.1 billion in donations.
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Buffett did not give a reason to step down, but after reports on Bill Gates’ behavior in the workplace, people questioned his leadership structure.
It has recently been revealed that Microsoft’s board members made a decision in 2020 that the company’s co-founder Gates is not suitable to serve as a board member because they investigated the billionaire’s previous relationship with a female Microsoft employee. It was considered inappropriate.
The Bill and Melinda Gates Foundation stated that it will not investigate media allegations because the reported incident involving one of the world’s largest and most influential non-profit organizations was caused by “an anonymous former employee “made.
Buffett, now 90, has begun to resign from his leadership position at Berkshire Hathaway and other company boards of directors. This year, Buffett said he will resign as CEO of Berkshire Hathaway.
Buffett said on Wednesday that although he still loves his job, “I am obviously participating in a game that has passed the fourth quarter for me and entered overtime.”