Robert F. Smith, the billionaire CEO of Vista Equity Partners, received an honorary degree from Morehouse College on Sunday. And he gave something back--a grant to retire the student loans of Morehouse's 2019 graduating class. Like that an estimated $40 million in debt was gone.
Meanwhile, in other news, a titan of industry spent $90 million this week on a Jeff Koons rabbit statue. And now it will likely serve as an ornament piece in a walled-off mansion somewhere. Imagine how that money could have been put to more productive use...
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