Earlier this week, Mark Zuckerberg, Facebook CEO and co-founder, and his wife Dr. Priscilla Chan, announced that Zuckerberg was going to donate 99% of his personal Facebook shares (US$45-billion) over the course of his lifetime to a newly formed entity called Chan Zuckerberg Initiative.
The donation, he said, was to “advance human potential and promote equality for all children in the next generation”. The reception to the news was — contrary to what the two might have hoped for — less than flattering.
Two days after making this announcement, the Facebook CEO was forced to clarify the many confused and accusatory [...]
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