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Buffett defends 'Giving Pledge' against Thiel and 'billionaire backlash'
Warren Buffett is defending the philanthropic initiative he co-founded with Bill Gates almost 15 years ago as it faces what The New York Times calls a "billionaire backlash."
Buffett wrote in an email to the newspaper, "I firmly believe in the Giving Pledge and consider it quite a success, though my physical limitations have eliminated my participation in the annual get-together.
"I have continued to contact possible members but only on a minor scale in recent years. Bill Gates has continued major efforts."
In 2010, Buffett said he and Gates hoped to "establish a new norm" with the Pledge, which is a "promise by the world's wealthiest philanthropists to give the majority of their wealth to charitable causes in their lifetime of wills."
https://link.cnbc.com/public/44828523 