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Thread: Apple CEO Tim Cook Reportly Planning to Donate Most of His Wealth to Charity

  1. #1
    Default Apple CEO Tim Cook Reportly Planning to Donate Most of His Wealth to Charity


    Apple CEO Tim Cook reportedly plans to donate most of his own wealth to charitable organizations before his death, after first putting his 10-year-old nephew through college.

    This information originates from a new report by Fortune that suggests Cook will follow a similar role of ex-Microsoft CEO Bill Gates with a philanthropic lifestyle:

    Quote Originally Posted by Fortune
    Representing their companies publicly is obligatory for CEOs, but Cook takes public stands on issues including stopping the transmission of AIDS, human rights, and immigration reform. He sees them as opportunities for leadership. “You want to be the pebble in the pond that creates the ripple for change,” he says, adding that Apple’s people have long cared about such issues even if they haven’t previously spoken so openly about them. To Cook, changing the world always has been higher on Apple’s agenda than making money. He plans to give away all his wealth, after providing for the college education of his 10-year-old nephew. There should be plenty left over to fund philanthropic projects. Cook’s net worth, based on his holdings of Apple stock, is currently about $120 million. He also holds restricted stock worth $665 million if it were to be fully vested. Cook says that he has already begun donating money quietly, but that he plans to take time to develop a systematic approach to philanthropy rather than simply writing checks.
    The report goes on to reveal that Cook notes changing the world to be more important than making money, which is one of the main drives behind Cook's purported decision to help the world out even more than he already has.

    Cook has taken on multiple daunting tasks throughout his current term as CEO at Apple to try and create reform, including but not limited to user privacy, gay rights, and equality for different ethnicity groups. The life of philanthropy is no different, in that Cook wants to set an example for the world that doing what is right is important.

    Sources: Fortune

  2. The Following User Says Thank You to Anthony Bouchard For This Useful Post:

    dapes (2015-03-29)

  3. #2
    Keeps taxes down lol (I didn't read the article)

  4. #3
    That's awesome. This plus the article from earlier is how corporate America and Politicians need to be.

  5. The Following User Says Thank You to Kotin6006 For This Useful Post:

    studderman (2015-03-28)

  6. #4
    True that Silverado1987 lol (I didn't either)

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