General Discussion
In reply to the discussion: OMG!!!. Watching Bloomberg, Bill and Melinda Gates along with Warren Buffet say "ALL LIVES MATTER" [View all]JonLP24
(29,929 posts)Looks to me more of tax dodge or corruption loophole
Bill & Melinda Gates Foundation Trust Investments
The foundation appears to have the following stakes in investments:[citation needed]
Arcos Dorados Holdings ~ 2.36% stake
AutoNation, Inc. ~ 1.56% stake
Berkshire Hathaway Class B Stock ~ 6.59% stake
British Petroleum ~ 0.24% stake (US$372 million[34])
Canadian National Railway Co. ~ 2.06% stake
Caterpillar, Inc. ~ 1.77% stake
Coca-Cola Co. ~ 0.77% stake
Crown Castle International Corp. ~ 1.60% stake
Exxon Mobil ~ 0.19% stake
FedEx Corp. ~ 0.97% stake
FEMSA ~ 3.06% stake
Liberty Global ~ 2.12% stake
McDonalds Corp. ~ 1.09% stake
Republic Services, Inc. ~ 0.37% stake
Shell - US$5.5 million[34]
Televisa ~ 2.94% stake
Wal-Mart ~ 0.36%[35] stake
Waste Management, Inc. ~ 3.97% stake
The foundation trust invests undistributed assets, with the exclusive goal of maximizing the return on investment. As a result, its investments include companies that have been criticized for worsening poverty in the same developing countries where the foundation is attempting to relieve poverty.[34][36] These include companies that pollute heavily and pharmaceutical companies that do not sell into the developing world.[37] In response to press criticism, the foundation announced in 2007 a review of its investments to assess social responsibility.[38] It subsequently cancelled the review and stood by its policy of investing for maximum return, while using voting rights to influence company practices.[39][40]
<snip>
Both insiders and external critics have suggested that there is too much deference to Bill Gates's personal views within the Gates Foundation, insufficient internal debate, and pervasive "group think."[72][74] Critics also complain that Gates Foundation grants are often awarded based on social connections and ideological allegiances rather than based on formal external review processes or technical competence.[74]
Critics have suggested that Gates' approach to Global Health and Agriculture favors the interests of large pharmaceutical and agribusiness companies (in which Gates invests) over the interests of the people of developing countries.[75][76][77][78]
https://en.wikipedia.org/wiki/Bill_%26_Melinda_Gates_Foundation#cite_note-40
The last 2 paragraphs is pretty consistent elsewhere, no doubt puff pieces are everywhere but who even knows except all the relevant history of most of the world's top monopolies exploiting the resources of the African poor, unless they speak up about that rather than investing but I'm beginning to understand the foundation and who it helps. Monsanto has a "reputation" and well deserved one, numerous -- something like Stevia which CarGill comes into the picture there.
Why is the Gates foundation investing in GM giant Monsanto?
The Bill and Melinda Gates Foundation's investments in Monsanto and Cargill have come under heavy criticism. Is it time for the foundation to come clean on its visions for agriculture in developing countries?
The Bill and Melinda Gates Foundation, which is sponsoring the Guardian's Global development site is being heavily criticised in Africa and the US for getting into bed not just with notorious GM company Monsanto, but also with agribusiness commodity giant Cargill.
Trouble began when a US financial website published the foundation's annual investment portfolio, which showed it had bought 500,000 Monsanto shares worth around $23m. This was a substantial increase in the last six months and while it is just small change for Bill and Melinda, it has been enough to let loose their fiercest critics.
Seattle-based Agra Watch - a project of the Community Alliance for Global Justice - was outraged. "Monsanto has a history of blatant disregard for the interests and well being of small farmers around the world
[This] casts serious doubt on the foundation's heavy funding of agricultural development in Africa," it thundered.
But it got worse. South Africa-based watchdog the African Centre for Biosafety then found that the foundation was teaming up with Cargill in a $10m project to "develop the soya value chain" in Mozambique and elsewhere. Who knows what this corporate-speak really means, but in all probability it heralds the big time introduction of GM soya in southern Africa.
The two incidents raise a host of questions for the foundation. Few people doubt that GM has a place in Africa, but is Gates being hopelessly naïve by backing two of the world's most aggressive agri-giants? There is, after all, genuine concern at governmental and community level that the United State's model of extensive hi-tech farming is inappropriate for most of Africa and should not be foist on the poorest farmers in the name of "feeding the world".
The fact is that Cargill is a faceless agri-giant that controls most of the world's food commodities and Monsanto has been blundering around poor Asian countries for a decade giving itself and the US a lousy name for corporate bullying. Does Gates know it is in danger of being caught up in their reputations, or does the foundation actually share their corporate vision of farming and intend to work with them more in future?
The foundation has never been upfront about its vision for agriculture in the world's poorest countries, nor the role of controversial technologies like GM. But perhaps it could start the debate here?
http://www.theguardian.com/global-development/poverty-matters/2010/sep/29/gates-foundation-gm-monsanto
If all lives matter -- right now I'm having internet connection issues (happens when looking for the sources back and forth) Will update with the other stuff, have to load the pages back up and that's forcing a wall to my connection) read down the wiki page 'cause I can't load it right now to copy the corporate education, privatizing, etc. Who invests in Shell who owns Nigeria to do the right thing?