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Originally Posted by LongIsland
Continued . . .
And there's nothin like makin a sh*t load of money off the poor people you're trying to help huh? Why bother with clean water when you can make a tidy profit off vaxing and medicating everyone . . . all the while making yourself look like a hero?
Microsoft (nasdaq: MSFT - news - people 2002) co-founder Bill Gates has added significant investments in drug firms to his portfolio, according to the most recent quarterly filing of Cascade Investment LLC and the Bill & Melinda Gates Foundation with the SEC. New holdings in drug firms as of March 31 include 261,000 shares in Abbott Laboratories (nyse: ABT - news - people ) valued at about $13.9 million; 325,000 shares in Bristol-Myers worth about $13.1 million; 490,000 shares in Johnson & Johnson valued at about $31.9 million; and 186,000 shares in Eli Lilly (nyse: LLY - news - people ) valued at about $14.2 million. Other new investments included 1.04 million shares in Pfizer for about $41.5 million; 210,000 shares in Pharmacia (nyse: PHA - news - people ) valued at about $9.5 million; 240,000 shares in Schering-Plough (nyse: SGP - news - people ) worth about $7.5 million; and 225,000 shares in Wyeth (nyse: WYE - news - people ) worth about $14.7 million. Gates also increased his holdings in Merck (nyse: MRK - news - people ) to about $78 million, with 1,359,000 shares, or 359,000 more than the previous quarter.
A Gates spokeswoman and a spokesman for the Bill & Melinda Gates Foundation, the world's largest foundation, with an endowment of $23 billion, declined to comment on the investments.
Originally Posted by LongIsland
Bill and Mel know exactly what they're doing. They're making all their pity money back . . . and then some.
|Gates knows darn well that "intellectual property rights" laws such as TRIPS - which keep him and Melinda richer than Saddam and the Mafia combined - are under attack by Nelson Mandela and front-line doctors trying to get cut-rate drugs to the 23 million Africans sick with the AIDS virus.
Gate's brilliant and self-serving solution: he's spending an itsy-bitsy part of his monopoly profits (the $6 billion spent by Gates' foundation is less than 2% of his net worth) to buy some drugs for a fraction of the dying.
The bully billionaire's "philanthropic" organization is currently working paw-in-claw with the big pharmaceutical companies in support of the blockade on cheap drug shipments.
|Gates says his plan is to reach one million people with medicine by the end of the decade.
Another way to read it: he's locking in a trade system that will effectively block the delivery of medicine to over 20 million.
|If Gates' fake philanthropy eviscerates the movement to free Africans from the tyranny of TRIPS, then Bill and Melinda's donations could have the effect of killing more Africans than then even their PR agents claim they have saved.
And for our own Republic, we can only hope that when the bully-boy billionaire injects his next wad of loot into the Bush political campaign, he uses a condom.
“I want to sell drugs to everyone. I want to sell drugs to healthy people. I want drugs to sell like chewing gum.” former Merck CEO, Henry Gadsden
Been quietly hanging around here for over 10 years.
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