Warren Buffet resigns from Bill and Melinda Gates Foundation | Current Affairs in Trade and Economy


Buffet’s resignation comes just weeks after Bill and Melinda Gates announced their divorce.

Warren Buffett resigns as trustee of the Bill and Melinda Gates Foundation.

The announcement comes weeks after Bill and Melinda Gates announced they were divorcing after 27 years of marriage but will continue to jointly manage the foundation, one of the largest charitable foundations in the world. Gates was first the richest person in the world and his fortune is estimated at more than $ 100 billion.

“For years I have been a trustee – an inactive trustee – just a recipient of my funds, the Bill and Melinda Gates Foundation (BMG). I am now resigning from this post, as I have done on all company boards other than Berkshire, ”Buffett said in a statement prepared Wednesday. “BMG’s CEO is Mark Suzman, an outstanding recent selection who has my full support. My goals are 100% in sync with those of the foundation, and my physical involvement is in no way necessary to achieve these goals.” .

Buffett, the president and chief executive officer of Berkshire Hathaway, also said Wednesday that it is halfway to achieving its goal of donating all of its shares in the conglomerate, and that it makes another $ 4.1 billion dollars in donation.

Buffet gave no reason for his resignation from the Gates Foundation, but questions were raised about the structure of his leadership following reports of Bill Gates’ behavior at the workplace.

Members of the Board of Directors of Microsoft Corp. they made a decision in 2020 that was not appropriate for Gates, the company’s co-founder, to sit on his board while investigating the billionaire’s first romantic relationship with a Microsoft-dependent woman who was deemed inappropriate.

The Bill and Melinda Gates Foundation said it has not investigated the allegations in the media that the incident which reported one of the world’s largest, most influential nonprofits was committed by “a former anonymous employee “.

Buffett, now 90, has begun moving away from his leadership role at Berkshire Hathaway. This year, he said he will resign as CEO of the expansion company.

Buffett said Wednesday as he still loved his job, “I’m clearly playing in a game that, for me, has passed the fourth quarter and is in overtime.”





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