[PDF] What Should Bill Gates Do?
Author: [opinion] Jon Entine, adjunct fellow at American Enterprise Institute, in Wall Street Journal, Published on: 26 January 2007
Three weeks ago the Los Angeles Times ran a series accusing the [Gates Foundation] of reaping "vast financial gains" from corporations with "environmental lapses, employment discrimination, disregard for worker rights, or unethical practices" that "contravene its good works."... Outrages like this would not happen, the Times suggested, if only the foundation would use socially responsible rating services... The dark secret of "social investing" is that it is neither art nor science: It's image and impulse. It reflects perceptions, not performance. [refers to diversity at Cendant; HealthSouth & Krispy Kreme involvement in communities; refers to criticisms of Gates Foundation's investments in BP; also refers to Body Shop (now part of L'Oreal), Altria, Domini, Calvert]