Buffet resigns trustee from Gates foundation

on

Warren Buffett is resigning as a trustee from the Bill and Melinda Gates Foundation.

The announcement comes weeks after Bill and Melinda Gates announced that they were divorcing after 27 years of marriage but would continue to jointly run the foundation, one of the largest charitable foundations in the world. Gates was formerly the world’s richest person and his fortune is estimated at well over $100 billion.

“For years I have been a trustee – an inactive trustee at that – of only one recipient of my funds, the Bill and Melinda Gates Foundation (BMG). I am now resigning from that post, just as I have done at all corporate boards other than Berkshire’s,” Buffett said in a prepared statement Wednesday. “The CEO of BMG is Mark Suzman, an outstanding recent selection who has my full support. My goals are 100% in sync with those of the foundation, and my physical participation is in no way needed to achieve these goals.”

Buffett, the chairman and chief executive of Berkshire Hathaway, also said Wednesday that he is halfway to reaching his goal of giving away the entirety of his shares in the conglomerate, and that he’s making another $4.1 billion in donations.

Buffett gave no reason for stepping down from the Gates Foundation, but questions have been raised about the structure of its leadership after reports of Bill Gates’ behavior in the workplace.

It was recently revealed that board members at Microsoft Corp. made a decision in 2020 that it wasn’t appropriate for Gates, the company’s co-founder, to sit on its board as they investigated the billionaire’s prior romantic relationship with a female Microsoft employee that was deemed inappropriate.

The Bill and Melinda Gates Foundation has said that it is not investigating the allegations in the media, as the reported incident involving one of the world’s largest, most influential nonprofits was made by “an anonymous former employee.”

Buffett, now 90, has in recent years resigned from all other corporate boards outside of Berkshire Hathaway, but he has said he has no plans to step down from his role as CEO of Berkshire. Earlier this year, Berkshire identified the executive who will one day take over as the company’s CEO when Buffett is gone, but he isn’t retiring.

Buffett said Wednesday while he still loves his job, “I’m clearly playing in a game that, for me, has moved past the fourth quarter and into overtime.”


Discover more from Current Ph

Subscribe to get the latest posts sent to your email.

LEAVE A REPLY

This site uses Akismet to reduce spam. Learn how your comment data is processed.

MUST READ

Defunding Rail Maintenance: Keeping Today’s Trains Alive for Tomorrow’s...

Buhayin ang Lumang Tren By Paul Y. Chua, PhD One Metro Manila line still runs cars that first carried passengers in December 1999, nearly 27 years...

MAS PINABILIS NA ANG PAGBIYAHE SA VICTORY LINER!

MAS PINABILIS NA ANG PAGBIYAHE SA VICTORY LINER! Mas madali at mas convenient na ang pagkuha ng bus tickets! Alamin kung paano gagawing mas mabilis at...

MC Taxi Riders Appeal to LTFRB amidst Overboarding Issue

MANILA, Philippines, October 22, 2026 — Motorcycle taxi riders are calling on the Marcos administration and transport regulatory bodies to provide those operating beyond...

China’s Wolf Warriors are Back. Beijing Should Recall Its...

China's ambassador to the Philippines has accomplished in a few sentences what years of Chinese public diplomacy have struggled to prevent: He has reinforced the perception that Beijing regards its smaller neighbors not as sovereign equals, but as countries expected to accommodate its growing military and economic power.

Beyond the 2027 Invasion Timeline: Diplomatic Isolation, Ontological Security,...

This paper challenges military-centered assessments of a possible People's Republic of China (PRC) operation against Taiwan by 2027, arguing that Beijing's calculations may depend not only on military readiness and economic costs but also on diplomatic recognition, international legitimacy, and political identity. It advances a conditional framework integrating ontological security theory, the Chinese sociological concept of mianzi (face), and recognition politics. The paper proposes that Taiwan's declining diplomatic recognition could strengthen Beijing's sovereignty narrative, create a perceived loss of face for Taiwan's governing authorities, and alter the political conditions under which Beijing considers coercive or military unification. Drawing on official PRC statements, U.S. security assessments, and international relations scholarship, the analysis develops three propositions concerning recognition, status vulnerability, and coercive decision-making. It argues that complete diplomatic isolation could represent a significant political threshold without necessarily eliminating Taiwan's international relationships or legitimizing the use of force. The paper contributes to cross-strait security studies by identifying diplomatic recognition as a potentially important condition that shapes Beijing's assessment of the political feasibility and costs of unification, beyond conventional materialist explanations.

Discover more from Current Ph

Subscribe now to keep reading and get access to the full archive.

Continue reading

Discover more from Current Ph

Subscribe now to keep reading and get access to the full archive.

Continue reading