[120478] in North American Network Operators' Group
Re: news from Google
daemon@ATHENA.MIT.EDU (Bruce Williams)
Tue Dec 22 13:20:19 2009
In-Reply-To: <4B3109D7.1040604@gmail.com>
Date: Tue, 22 Dec 2009 10:19:38 -0800
From: Bruce Williams <williams.bruce@gmail.com>
To: JC Dill <jcdill.lists@gmail.com>, Nanog <nanog@nanog.org>
Errors-To: nanog-bounces+nanog.discuss=bloom-picayune.mit.edu@nanog.org
Bill Gates has made a commitment to basically give away all of his money an=
d
quit MS to devote full time to doing it. It will be a hard act to follow.
On Tue, Dec 22, 2009 at 10:03 AM, JC Dill <jcdill.lists@gmail.com> wrote:
> Hank Nussbacher wrote:
>
>>
>> Google makes about $1.5B profit per quarter. $20M of charity? I don't
>> like MS any more than most, but Gates Foundation has received $20B from =
Bill
>> and Warren over the past 3 years. My hat goes off to those guys!
>>
>
> Yes, the Gates Foundation gives a lot of money to worthy causes, which is
> truly admirable.
> However, to put things into perspective let's take a look at the history =
of
> these two companies.
>
> Microsoft was founded 34 years ago (in 1975) and IPOd 23 years ago (in
> 1986). Bill Gates didn't start his foundation until 12 years after the I=
PO.
>
> Google was founded (incorporated) 11 years ago in 1998, IPOd 5 years ago =
in
> 2005. Google Foundation was created as part of the IPO: "a commitment to
> contribute significant resources, including 1% of Google's equity and
> profits in some form, as well as employee time, to address some of the
> world's most urgent problems. That commitment became a range of giving
> initiatives including Google.org."
>
> How much did Microsoft give to charity in 1991, 5 years after their IPO?
> Would you bet against a proposition that by 2028 the Google Foundation d=
oes
> just as much (or more) than the Gates foundation is doing today?
> jc
>
>
>
--=20
=93Discovering...discovering...we will never cease discovering...
and the end of all our discovering will be
to return to the place where we began
and to know it for the first time.=94
-T.S. Eliot
