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What happened when Chuck Feeney decided to publish the book on his life?
What happened when Chuck Feeney decided to publish the book on his life?
admin
2009-06-24
27
问题
What happened when Chuck Feeney decided to publish the book on his life?
For most of his life Chuck Feeney has guarded his privacy obsessively. When he became a philanthropist, his gifts came on condition that his name never appeared on any press release or plaque; all donations would cease if confidentiality was breached. But when he decided to co- operate with Conor O’Clery on the book The Billionaire Who Wasn’t, many of the people in his life let themselves go. The result is gripping.
An Irish-American, Mr. Feeney made a fortune by co-founding Duty Free Shoppers (DFS) which first sold tax-exempt goods to American soldiers abroad and then tapped into the rise of mass tourism. Tax avoidance is the flip side to Mr. Feeney’s philanthropic coin. He is addicted to it A friend George Brooklyn says that "Chuck hates taxes. He believes people can do more with money than governments can", In 1964 a young New York lawyer, Harvey Dale, told Mr. Feeney that changes in the tax laws threatened his business, which was running risks that could put the founders in jail. On his advice, Mr. Feeney and his co-founder transferred ownership to their foreign-born wives, from France and Ecuador respectively.
Mr. Feeney carefully shunned all outward evidence of wealth. But as soon as DFS became reliably profitable, he started the practice of giving 5% of his pre-tax profits to good causes: In 1982 he created a foundation, the Atlantic Philanthropies, based in Bermuda. Two years later he signed over his fortune to the foundation, except for sums set aside for his wife and children. His net worth fell below $5m. When he broke the news to his children; he gave them each a copy of Andrew Carnegie’s essay on wealth, written in 1889.
Mr. Feeney has given his alma mater, Cornell University, more than $600 million, dwarfing all other donations from a single alumnus to an American university. He has contributed hundreds of millions of dollars towards higher education in Ireland, South Africa and Australia. He has helped with health care in Vietnam. Mr. Feeney is committed to giving away all the money in his foundation by a fixed date—thought to be in about ten years—but his investment prowess makes this difficult. Currently, Atlantic Philanthropies is worth $4 billion. The trouble for Mr. Feeney is that the foundation’s assets are growing as fast as he tries to get rid of them.
选项
A、Vietnam.
B、Ireland.
C、Australia.
D、South Africa.
答案
A
解析
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