Mother Jones
Why is Bill Gates' foundation investing in private prison companies? http://bit.ly/1blVe5l
You won't believe the companies Bill Gates' foundation invests in.
ExxonMobil, Walmart, and McDonald's are just a few of the companies that the mega-charity supports.
Link: http://www.motherjones.com/environment/2013/12/gates-foundations-24-most-egregious-investments
With an endowment larger than all but four of
the world's largest hedge funds, the Bill & Melinda Gates
Foundation is easily one of the most powerful charities in the world.
According to its website, the organization "works
to help all people lead healthy, productive lives." So how do the
investments of the foundation's $36 billion investing arm, the Gates
Foundation Trust, match up to its mission?
In its most recent annual report to investors, private prison company GEO group listed some risks to its bottom line, including "reductions in crime rates" that "could lead to reductions in arrests, convictions and sentences," along with immigration reform and the decriminalization of drugs.
Military contractor DynCorp, meanwhile, has faced allegations of fraud, mismanagement, and even slavery from the Middle East to Eastern Europe.
See More: http://www.motherjones.com/environment/2013/12/gates-foundations-24-most-egregious-investments
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