Posted on 11/01/2007 10:21:47 AM PDT by vadum
Google is a public company that operates the amazingly successful online search engine. Its founders have decided to create a philanthropic arm for the company called Google.org. Their aim is to change the world by fighting poverty, reversing global warming, and landing a robot on the moon. But if the company ever runs into financial trouble, will its shareholders still appreciate the founders’ grandiose projects?......
Google Inc.’s billionaire founders Sergey Brin and Larry Page have decided to use their shareholders’ money to fund their adventures in philanthropy......
...Page and Brin have outlined a sweeping, almost utopian vision for Google.org. In the company’s 2004 annual report, they write that they hope the Google Foundation “will eclipse Google itself in overall world impact by ambitiously applying innovation and significant resources to the largest of the world’s problems.” A year later, in the 2005 annual report, Page and Brin, who are Google’s largest shareholders, refined their vision, writing: “[W]e set up and funded the Google Foundation and refined its focus areas to providing sustainable development for the world’s poorest citizens and harnessing people, money and scientific resources to combat climate change.”
(Excerpt) Read more at capitalresearch.org ...
—remnds me of Levi Strauss about 25 years ago-—
Creating utopia as bankrupted bigger organizations that Google.
Google only has a low environmental impact for its power usage because it chose to be situated near the hydroelectric dams of the Pacific Northwest.
Since the sun is the culprit, why don't they use their space prize for whoever can erect a huge pair of sunglasses in orbit?
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