Gates (MSFT) Regrets Meeting Epstein in House Testimony
Published on Β· Source: cnbc.com
AI Summary
Summarized by AI from the source belowBill Gates, co-founder of Microsoft (MSFT), testified before a House panel, expressing regret over his association with Jeffrey Epstein, whom he met in 2011. Gates indicated that Epstein sought to leverage personal information against him and that their connection never resulted in financial gains for his philanthropic work. He stated that his relationship with Epstein had adversely affected the reputation of the Gates Foundation, which has an endowment exceeding $70 billion. Gates emphasized the importance of reputation in philanthropy and admitted this meeting was a mistake.
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About Microsoft Corporation (MSFT)
Microsoft is a software and cloud-computing giant best known for Windows, Office, and its Azure cloud platform, and a leading investor in enterprise AI.
The Information Technology sector covers hardware, software and semiconductor companies driving the digital economy.
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