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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This guy really did these kids a disservice. It may be great for their pocketbooks short-term, but it fails to teach them important financial lessons they will need throughout life. The younger generation needs to learn that nothing in life is free, and you have to be smart about what you major in, and be ready to pay your share of the bills. This brainwashing by politicians and others that things can be “free” in life is a blatant deception. These kids need to learn how to pull their own weight and that their life decisions have consequences, both good and bad, and they need to work on making predominantly good decisions, assuming they even understand what that means.
Mr. Robert F. Smith — You are a good man. May you live to see the great grand children of the people you helped today graduate.
Thanks from someone who is not affected today by what you did but could be in the future by the good done today by someone you helped.