SYNDICATED COLUMN: Do Not Be Impressed by Mark Zuckerberg’s Phony Generosity
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CEO Mark Zuckerberg promises to give 99% of his Facebook shares to charity — eventually. Exact phrasing: the stock, currently worth $45 billion, will be donated “during [he and his wife’s] lives.” He’s 31 and she’s 30, so actuarial tables being what they are, by approximately the year 2065. If Facebook or the Internet or the earth still exist. Whoop de doo. I would be far more impressed if Facebook would put some money into the American economy. How? By hiring more workers — a lot more workers. Facebook’s market cap is $300 billion — almost ten times more than GM. GM has 216,000 employees. I’m not sure Facebook could find work for 2 million workers — but 12,000 is pathetic. They might start by hiring a few thousand 24-7 customer service reps so they could respond quickly when some antisocial pig posts your nude photo. The part of the “ain’t Zuck nice” philanthropist suck-uppery that really has me…
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