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[dupe] Apple CEO Tim Cook says he'll donate his fortune to charity (latimes.com)
42 points by sethbannon on March 27, 2015 | hide | past | favorite | 4 comments




Why are profit sharing programs so uncommon among even very successful companies? Employees are responsible for actually building, selling, and supporting the product, why not reward them if the company they are building is successful?


Similar announcements from Gates, Buffet, and Zuckerberg have gotten significant press over the past few years. Is this kind of philanthropy new, or is it traditional to see some of the world's top earners donating (or pledging to donate) their fortunes? I realize that these people are but a small fraction of the true top earners in the world, but they have to be among the most notable.


Tim Cook already seems like an incredibly thoughtful and kind human being. This is in keeping with his character and great news for the beneficiaries.




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