Valleywag
So, a representative inhabitant of the Bay Area gives less than half as much of their wealth to charity as the equivalent individual in Los Angeles, according to tax filings. One could blame the tendency of high-tech moguls to spend their money on gadgets: the Google founders paid for a "party airplane" to fly them and their friends to Africa, before working out how they would help the continent. But the figures show the humble engineers and product managers are just as stingy as their bosses. The most charitable explanation: Silicon Valley's money is newer than LA's, and young stock option millionaires just haven't got around to choosing a cause yet.
Scrooge of Silicon Valley
So, a representative inhabitant of the Bay Area gives less than half as much of their wealth to charity as the equivalent individual in Los Angeles, according to tax filings. One could blame the tendency of high-tech moguls to spend their money on gadgets: the Google founders paid for a "party airplane" to fly them and their friends to Africa, before working out how they would help the continent. But the figures show the humble engineers and product managers are just as stingy as their bosses. The most charitable explanation: Silicon Valley's money is newer than LA's, and young stock option millionaires just haven't got around to choosing a cause yet.
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12:59 PM on Wed Dec 27 2006
By Nick Denton
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