Thursday, June 22, 2006

Artistic Color of Money

What do American men do with their money? It seems these days all the tycoons all become philanthropists. Bill Gates will be full-time philanthropist starting in 2008. Today John Edwards made a speech about eliminating poverty, a Center on Poverty, Work and Opportunity Founder, so he becomes the founder of an anti-Poverty center. Treasury nominee Henry Paulson has created a legendary wealth in China. He is to sell Goldman Sachs stakes of $485 million. “Paulson, the highest paid chief executive on Wall Street, transferred about $100 million in Goldman shares to a charitable foundation on March 30 to donate to environmental causes. “ “He may sell up to $800 million of investments and use the funds to start a charity trust, the London-based Times reported on June 1, citing unidentified people at Goldman.” Compared to the best Chinese Nationalists, this may be the similarity. They dissolved and distributed their wealth and they served the country with graceful works.

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