February 2, 2012; Source: The Atlantic Wire | With an estimated net worth of $500 million, Donald Graham, the chairman of the Washington Post Company, probably does not really need the $46 million windfall he got from the Facebook IPO filing yesterday. So, Graham plans to keep his shares for now but says he will donate them to three education-related charities in the D.C. area when he leaves the Facebook board, which he has been on since 2008. He and Facebook founder Mark Zuckerberg are longtime friends. The 66-year-old Graham, by the way, has 4,888 friends on Facebook. –Ruth McCambridge
- Written by Ruth McCambridge
- Created on Friday, 03 February 2012 13:47
WRITE FOR NPQ
HERE'S HOW TO GET INVOLVED
MORE FROM NONPROFIT QUARTERLY
No indictment and no civil rights prosecution of the police officer who shot and killed Michael Brown, but the Justice Dept. report on Ferguson found the city’s police department to be rampant with racial bias.
Another brick-and-mortar casualty as an era draws to a close with the loss of a historic landmark.
In many localities, public employees are compensated more generously than nonprofit workers doing the same jobs. SF could have made history here, but it did not.