“It’s gonna be a big number,” predicted hedge fund boss Bill Ackman on Thursday December 20th, as he launched one of the more innovative examples of philanthrocapitalism we have seen. He had spent the previous three hours making the case that Herbalife, a vitamin supplements company which a day earlier boasted a stock market value […]
British hedge-fund philanthropist Chris Cooper-Hohn and his wife Jamie have just announced another huge gift – of £495m ($812m) – to the Children’s Investment Fund Foundation (CIFF), as Matthew has reported in The Economist. This took the assets of the foundation, which they created in 2003 to receive and give away a slice of the […]
We should all be giving away at least 5% of our income and the rich should hand over up to a third, argues philosopher Peter Singer in his new book The Life You Can Save, that came out last week. While we don’t share Singer’s rather puritanical disapproval of the lavish lifestyles of the super-wealthy – he […]