Warren Buffett Resigns As Trustee Of Gates Foundation

Warren Buffett Resigns As Trustee Of Gates Foundation

 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 greatest charitable foundations in the world. Gates was previously 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 stated in a organized statement Wednesday. “The CEO of BMG is Mark Suzman, an outstanding recent selection who has my full support. My goals are a hundred percent in sync with those of the foundation, and my physical participation is in no way needed to obtain these goals.”


Buffett, the chairman and chief executive of Berkshire Hathaway, also said Wednesday that he is midway to accomplishing 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, however questions have been raised about the structure of its leadership after reports of Bill Gates’ conduct in the workplace.


It was lately revealed that board members at Microsoft Corp. made a decision in 2020 that it wasn’t suitable 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 worker that was deemed inappropriate.


The Bill and Melinda Gates Foundation has stated 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 stated he has no plans to step down from his position 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 stated Wednesday whilst he still loves his job, “I’m actually playing in a game that, for me, has moved past the fourth quarter and into overtime.”

Popular posts from this blog

15 Effective and Natural Strategies to Lower Blood Pressure

Image
  High blood pressure, also known as hypertension, is a common condition that affects many people. If left untreated, it can lead to serious health problems such as heart disease, stroke, and kidney failure. While medication can be an effective way to lower blood pressure, there are also many natural strategies that can help. In this blog post, we will explore 15 effective and natural strategies to lower blood pressure. From eating a healthy diet and exercising regularly to reducing stress and getting enough sleep, we will cover all the bases to help you manage your blood pressure naturally and effectively. So, whether you have been diagnosed with high blood pressure or simply want to take preventive measures, read on to learn how to lower your blood pressure naturally. 1. Understanding the importance of managing blood pressure Managing blood pressure is crucial for maintaining overall health and well-being. High blood pressure, also known as hypertension, is a silent killer that often
Read more

Reasons You Should Get Outside Every Day

Image
Do you ever find yourself feeling sluggish, unmotivated , or stressed? The solution might be as simple as stepping outside. With our busy lives often spent indoors, it's easy to forget the numerous benefits of spending time in nature. In this article, we explore the reasons you should make it a priority to get outside every day. Research has shown that spending time in nature can have a profound impact on our mental and physical well-being. From reducing stress levels to boosting immunity, the benefits are endless. Not only does spending time outdoors help improve our mood and increase happiness, but it can also enhance creativity and focus. Nature has a way of refreshing our senses and clearing our minds, allowing us to be more present and engaged. The Importance of Spending Time Outdoors Human beings have a deep connection with nature that goes back thousands of years. However, in today's fast-paced world, we often find ourselves disconnected from the natural world. Spending
Read more

Relieve Stomach Pain Naturally: 12 Effective Home Remedies

Image
Stomach pain can be incredibly uncomfortable and disruptive to daily life. Whether it's caused by gas, bloating, acid reflux, or other digestive issues, the pain can be difficult to manage. While some may turn to over-the-counter medications, there are plenty of natural remedies that can help alleviate stomach pain and discomfort. In this post, we'll share 12 highly effective home remedies that can help relieve stomach pain naturally. From ginger tea and chamomile to apple cider vinegar and peppermint oil, these remedies are easy to make and can be found in most kitchens. So, if you're looking for a natural and effective way to ease your stomach pain, read on to learn how to use these remedies to feel better fast. 1. Introduction to stomach pain and its causes Stomach pain can be an uncomfortable and distressing experience. Whether it's a sharp, stabbing pain or a dull ache, it can disrupt our daily lives and leave us searching for relief. Understanding the causes of st
Read more

The Protein Puzzle: Unraveling the Optimal Amount for Muscle Building

Image
Protein is an essential nutrient that plays a crucial role in muscle building. It's no secret that bodybuilders and fitness enthusiasts alike are always on the lookout for the optimal amount of protein to consume in order to maximize muscle growth. But with so much information out there, it can be difficult to determine what the ideal amount of protein really is. In this post, we will delve into the science behind protein consumption and muscle building, and help you unravel the protein puzzle. We will explore the optimal amount of protein needed for muscle growth, as well as the best sources of protein to incorporate into your diet. Whether you are a seasoned bodybuilder or just starting out on your fitness journey, this post will provide valuable insight on how to maximize your muscle gains through protein consumption. 1. Introduction to the importance of protein for muscle building When it comes to building muscle, protein plays a crucial role in achieving optimal results. Wheth
Read more

Understanding Your Fertile Window: When Can You Get Pregnant?

Image
For couples who are trying to conceive, understanding the fertile window is crucial. This is the period of time in a woman’s menstrual cycle when she is most likely to get pregnant. Fertility can be a complex subject, and knowing when you are most likely to conceive is key to increasing your chances of getting pregnant. Many couples struggle with fertility issues, and knowing how to maximize your chances of conception is important. In this post, we will explore the female menstrual cycle, ovulation, and how to calculate your fertile window so that you can make the most of this important time. We will also look at factors that can affect fertility and discuss some tips for maximizing your chances of getting pregnant. Whether you are trying to conceive for the first time or have been trying for a while, this post is for you. 1. Introduction: The importance of understanding your fertile window Introduction: The Importance of Understanding Your Fertile Window When it comes to starting or e
Read more

How reading can help in improving your mental health

Image
  Introduction In today's fast-paced world, taking care of our mental health is more important than ever. And one surprising yet effective way to do that is through reading. Yes, you heard it right – reading! Whether it's escaping into a fictional world or gaining insights from self-help books, reading can have a profound impact on our mental well-being. Immersing ourselves in a captivating story can serve as an escape from our daily stressors, helping us relax and unwind. Additionally, reading non-fiction books can contribute to personal growth and self-reflection, allowing us to gain valuable knowledge and perspective. But the benefits of reading extend beyond mere entertainment or education. Research has shown that reading can reduce stress, improve concentration, and bolster empathy and emotional intelligence. It offers a temporary reprieve from our worries and allows us to explore different perspectives. So, whether it's a novel, a self-help guide, or a thought-provoki
Read more

Natural Solutions: 13 Effective Home Remedies for Constipation Relief

Image
Constipation is a common problem that affects people of all ages and can be caused by a variety of factors, including diet, lifestyle, medication, and medical conditions. It can be uncomfortable and painful, and many people turn to over-the-counter laxatives for relief. However, these can have unwanted side effects and may not be suitable for everyone. Fortunately, there are many natural home remedies that can help to relieve constipation without the need for medication. In this post, we will explore 13 effective and natural home remedies that can help to relieve constipation and promote regular bowel movements. These remedies are easy to find, inexpensive, and can be used safely at home. So, if you are looking for a natural solution to your constipation woes, keep reading to learn more! 1. Understanding constipation and its causes Constipation is a common digestive issue that affects many people at some point in their lives. It is characterized by infrequent bowel movements or difficu
Read more

Food and Nutrition Guidelines for Healthy Kids

Image
The Importance of Food and Nutrition for Healthy Kids Feeding your kids a nutritious diet is vital for their overall growth and development. Proper nutrition provides them with the energy they need to thrive, supports their immune system, and helps their brains function at their best. A well-balanced diet also lays the foundation for healthy eating habits that can last a lifetime. Children have unique nutritional needs that vary depending on their age, sex, size, and activity level. As they grow, their bodies require different nutrients to support their changing needs. By providing them with a diverse range of foods, you can ensure they are getting the necessary vitamins, minerals, and macronutrients they need to flourish. It's important to note that nutrition is not just about what kids eat, but also how they eat. Cultivating a positive eating environment and promoting a healthy relationship with food is just as crucial as providing them with nutritious meals. By creating a balanc
Read more

The Impact of Smoking on Brain Shrinkage: How Quitting Can Make a Difference

Image
  Smoking is a habit that has long-term effects on our body, including our brain. Recent medical research has found that smoking can lead to brain shrinkage, which can cause various cognitive problems such as memory loss, decreased attention span, and difficulty with problem-solving. The good news is that quitting smoking can help reverse this damage. In this post, we will explore the impact of smoking on the brain, how it can cause shrinkage, and the benefits of quitting. We will also provide tips and resources for those who are trying to quit smoking and want to improve their cognitive function and overall health. If you or someone you know is a smoker, this post is for you. Let's dive in and discover the link between smoking and brain shrinkage, and how quitting can make a significant difference. 1. Introduction: Understanding the link between smoking and brain shrinkage Introduction: Understanding the Link between Smoking and Brain Shrinkage Smoking has long been known to have
Read more

Daydreaming Found To Boost Brain Plasticity And Memory Consolidation, Study Suggests

Image
Researchers uncover the cognitive benefits of daydreaming in a groundbreaking study  In a surprising revelation, a recent scientific study has shed light on the positive effects of daydreaming on brain plasticity and memory consolidation. The research, conducted by a team of neuroscientists at a renowned institute, challenges the notion that daydreaming is purely a distraction. Instead, it highlights its potential as a cognitive tool that promotes brain health and enhances memory.  The study, published in the prestigious Journal of Neuroscience, examined the brain activity of participants engaged in daydreaming tasks using functional magnetic resonance imaging (fMRI) scans. The findings revealed that during daydreaming, the brain's default mode network (DMN) becomes highly active, leading to improved neural connectivity and increased brain plasticity. Dr. Elizabeth Collins, the lead researcher, explains, "Daydreaming allows the brain to freely wander and explore various mental
Read more