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  • Mark Zuckerberg Takes on Critics of His $45 Billion Giveaway

    12/04/2015 7:37:06 AM PST · by rktman · 25 replies
    fortune.com ^ | 12/3/2015 | Kia Kokalitcheva
    Two days after announcing plans to donate $45 billion over time to his family foundation, Facebook CEO Mark Zuckerberg responded to criticism about his philanthropic ambitions. In a Facebook post on Thursday, he pushed back against accusations that he had structured his foundation, not so much as a charity, but as a vehicle for evading taxes and making financially motivated investments under the guise of doing good. Zuckerberg created the foundation as a limited liability corporation instead of a traditional foundation. He said that he and his wife, Priscilla Chan, would fund it with 99% of his wealth, made from...