WIRED Staff

Gates Foundation: Ethically Challenged (Part II)

The LA Times is continuing to question whether the financial policies of the Gates Foundation are at odds with its mission in the second part of a series. Here’s an excerpt: The Gates Foundation reaps vast profits every year from companies whose actions contradict its mission of improving society in the United States and around […]

The LA Times is continuing to question whether the financial policies of the Gates Foundation are at odds with its mission in the second part of a series.

Here's an excerpt:

The Gates Foundation reaps vast profits every year from companies whose actions contradict its mission of improving society in the United States and around the world, particularly the lot of people afflicted by poverty and disease.

The Times has found that the Gates Foundation had major investments in:
• Mortgage companies that were accused in lawsuits or by government officials of making it easier for thousands of people to lose their homes.
• A healthcare firm that has agreed to pay more than $1.5 billion to settle lawsuits accusing it of medical lapses and fraud going back a decade.
• Chocolate companies said by the U.S. government to be profiting from the slave labor of children.

Money clashes with mission[LAT]