Wealthy Silicon Valley techies draw the line at drawing down their wealth. Not everyone is that short-sighted or greedy:
Stanford University said a $151 million donation is the largest gift the school has ever received from a single living person.The university announced the donation from Silicon Valley real estate developer John Arrillaga Sr on Monday.
It's not the first philanthropic record made by Arrillaga. The 1960 graduate gave the university $100 million in 2006 — then the largest donation of its kind. His name graces buildings across campus and his family's endowed scholarships support 50 students a year.
Stanford has produced many wealthy techies, but hasn't taught them much about giving back to their alma mater, or about supporting their communities. Silicon Valley's public schools are a disgrace, and its cities struggle with the same problems of unemployment, homelessness, violence, and cuts in services as any other place in the country.
Silicon Valley's blowhard claims of changing the world are mostly hot air stinking with the halitosis of hypocrisy.
Silicon Valley needs to learn how to walk its talk and change its little corner of the world for the better.