BILLIONAIRES GIVING IT UP? No one in state signed up, so far (Arkansas Online)
By Bill Bowden, Arkansas Online
Published August 19, 2010 at 5:42 a.m.
Excerpt:
LITTLE ROCK — Bill Gates and Warren Buffett have challenged other billionaires to give most of their wealth to charity.
So far, 40 have accepted the challenge, but none of them are from Arkansas,where the idea is receiving mixed reviews from philanthropists.
“I think this charitable-pledge idea is a clever way for Warren Buffett, Bill Gates and others to avoid paying an inheritance tax while the rest of us are trying to build family businesses and create jobs,” said Warren Stephens of Little Rock, chief executive of Stephens Inc., one of the nation’s largest investment banking firms off Wall Street. “I think our family’s charitable giving speaks for itself.”
Read the full article on the Arkansas Online website here: http://www.arkansasonline.com/news/2010/aug/19/billionaires-giving-it-no-one-state-signe-20100819/