Wednesday, June 25, 2008

The man who wants the whole world to know how generous he is

The competitive philanthropy stakes have been raised even higher by hedge fund manager, Chris Hohn. Hohn has given away £466 million to The Children's Investment Fund, a fact which managed to find its way onto the front page of The Daily Telegraph a few days ago. I bet that made Hohn, who "has a reputation for being aggressive and ruthless with the management of the companies he invests in" feel good.

Oh, the charity is run by his wife, Jamie Cooper-Hohn by the way. The story notes:

"The couple are considered pioneers among the 'new philanthropists', the super-rich who are not only giving away a large proportion of their wealth but increasingly controlling the charities too."

Yeah well, he who pays the piper calls the tune.

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