PHILANTHROCAPITALISTS
“. . . many of
today's philanthropists
are more
activist than those in the
past. A number are
current or
former hedge fund managers, private equity executives, and tech entrepreneurs who, having
made their fortunes
on Wall Street or
in Silicon Valley, are
now seeking
to apply their know-how
to social problems. Rather
than simply write checks
for existing
institutions, these
‘philanthrocapitalists,’ as they are often called, aggressively seek to shape their operations.”
‘philanthrocapitalists,’ as they are often called, aggressively seek to shape their operations.”
Massing, Michael, ‘How to Cover the One Percent,’ The New
York Review,
January 14, 2016, pp: 74-76.
January 14, 2016, pp: 74-76.
