Saturday, March 5, 2016

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.”



Massing, Michael, ‘How to Cover the One Percent,’ The New York Review,
January 14, 2016, pp: 74-76.