Apple CEO donates R765 million to charity

Tim Cook has announced he will be donating R765 million to various charities

By - February 3, 2012
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Apple founder Steve Jobs would never have done so, but that hasn’t stopped current Apple CEO Tim Cook from donating $100 million (R765 million) to charitable causes.

According the new site The Verge, Cook has donated $50 million (R382.8 million) to Stanford’s hospitals, with $25 million (R191.4 million) for a new main building and $25 million (R191.4 million) for a new children’s hospital. Another $50 million (R382.8 million) has been donated to Product RED, which is a charity that combats diseases such as AIDS, tuberculosis, and malaria.

In this way Cook appears to be more like Microsoft founder Bill Gates rather than his predecessor at Apple, who had previously said he opposed giving away money.

Large donations aren’t the only charitable thing Cook has been busy with however. He has started giving Apple employees big discounts on Apple products and has implemented a charity program that matches donations made by employees up to $10,000 (R76,554) a year.

Read the full story at: Cnet.

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