Word: philanthropist
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WARREN BUFFETT, businessman, philanthropist and second richest man in the U.S., on buying his first shares of stock...
...aware of Rhodes Scholarships than the career of the brilliant imperialist and racist Cecil Rhodes, who founded them with the profits from his African diamond mines. And in the course of just a decade, Bill Gates has managed to transform his image from visionary but cutthroat capitalist to transcendent philanthropist, by the efforts of his $32 billion foundation to tackle disease and poverty in Africa...
DIED. Gary Comer, 78, philanthropist and entrepreneur who founded the mail-order giant Lands' End; in Chicago. With an emphasis on sturdy products (famously sold as "Guaranteed. Period") and a clever, anecdote-filled "magalog," the world-class sailor turned a small sailboat- hardware business into a $1.9 billion clothing company before selling it in 2002. Downplaying his savvy, he said, "I picked things I liked, and over the years people interested in the same things gathered around...
...professor, and David A. Weitz, the Mallinckrodt professor of physics and applied physics. Their main initial duties will be to set the institute’s research agenda and to get more faculty groups on board. The Kavli Foundation was founded in 2000 by Fred Kavli, a businessman turned philanthropist, in order to probe three main areas of science—astrophysics, nanoscience, and neuroscience. The money from the foundation is given with no strings attached, with the hope that researchers will explore the frontiers of these three disciplines without having to worry about producing usable applications...
...That's been the hard part. With little guidance available for the country's would-be Rockefellers, Nilekani became a self-taught philanthropist, building two foundations from the ground up. So far, she has provided a total of $37 million to Akshara Foundation, which is dedicated to education, and the Arghyam trust, which tackles water issues. But the entrepreneurial zeal she brings to the organizations she runs is as striking as the size of the checks she's been signing. The source of her inspiration? "We're learning from the Bill Gates Foundation, and ones like it," she says, referring...