Laura And John Arnold

August 4, 2010 by Post Team 

Laura And John ArnoldLaura And John Arnold, (Reuters) – A total of 40 U.S. billionaires are committed to give at least 50 percent of their wealth as part of a campaign by the investor Warren Buffett and Microsoft founder Bill Gates.

Gates and Buffett released “The Pledge to” in June to persuade hundreds of U.S. billionaires to give away most of his fortune during his lifetime or after his death and publicly stating his intention with a letter of explanation.

Here are some excerpts from letters written by billionaires to take the oath:

* Laura and John Arnold, manager of hedge funds: “We believe that our wealth in this sense – not as an end in itself but as a tool for positive change and transformative.”

* New York, Michael Bloomberg, mayor of the city: “If you want to do something for their children and show how much you love them, the best thing – for now – is to support organizations that create a better world for themselves and the children. And give us will inspire others to give of themselves if their money or their time. ”

* Philanthropist Eli and Edythe Broad: “Those who have been blessed with extraordinary wealth have an opportunity, some would say responsibility – to consider it a privilege – to give back to their communities, whether local, national or global.”

* The investor Warren Buffett: “If we were to use more than one percent of my credit checks (Berkshire Hathaway stock certificates) in ourselves, nor happiness nor our welfare will be enhanced. On the contrary, that 99 cent can have a huge effect on health and welfare of others. ”

* The founder of Microsoft Bill and Melinda Gates: “We have been blessed with good fortune beyond our most optimistic expectations, and we are deeply grateful. But as these gifts are great, so we feel a great responsibility to use them well. It is why they are so pleased to join to make an explicit commitment to the Pledge. ”

* Hotel magnate Barron Hilton: “It is my hope that others are inspired by the story of my father, and the unwavering commitment from our family to his philosophy of charity.”

* Corporate Executive Jon and Karen Huntsman: “It was clear to me from my earliest childhood memories that my reason for being was to help others.”

* Banker George Kaiser: “I had the advantage of both genetics (winning the” ovarian lottery) and education. Looking around in those without these advantages, it became clear to me that I had a moral obligation to direct my resources to help right that balance. ”

* Media entrepreneur Gerry and Marguerite Lenfest, “The ultimate achievement in life is how you feel about yourself. And giving his wealth away to have an impact for good help with that feeling.”

* Business Wire founder Lorry Lokey: “There is an old saying about putting farmers back to the soil through fertilizers that are carried out. The same goes for the money. The larger the mass, the most important is revitalize the soil. ”

* Moviemaker George Lucas: “My commitment is to the process, the time they have the resources at my disposal, I will try to raise the bar for future generations of students of all ages. I’m dedicating most of my wealth to improve education. ”

* Tashi and John Morgridge, former CEO of Cisco: “The more we become personally involved in causes that we support the more effective it seems that we are.”

* Peter Peterson, founder of Blackstone Group’s equity: “As I have seen and learned from the example of my father, I realized how much pleasure his dedication to others gave him. In fact, today, gives me much pleasure to money to what I consider worthwhile causes to make money first. ”

* David Rockefeller, patriarch of the Rockefeller family, “Our family remains united in the belief that those who have benefited most from an economic system of our nation have a special responsibility to give back to our society significantly.”

* Jeff Skoll, former eBay executive: “The world is a vast and complex and need every one of us doing everything possible to ensure a better tomorrow for future generations.”

* Asset Manager Tom Steyer and Kat Taylor: “No doubt the pleasure we get from San Francisco active verbs to comfort, understanding, loving, giving and forgiving outweigh any selfish and passive pleasures possess, have or possess.”

* Media mogul Ted Turner: “I am particularly grateful for the advice of my father to set goals so high that it can not be achieved during life and to give help where help is most needed. That inspiration that keeps me with energy and desire to keep working hard every day to give back and make the world a better place for generations to come. ”

* Former Citigroup executive Sanford Weill and Joan: “Our commitment is this: We will continue to give all the wealth we have been lucky enough to do except for a small percentage allocated to our children and grandchildren from here to time we spend because we are firm believers that shrouds have no pockets. “


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