Excerpt:
About 15 years ago, I became aware that some of the world’s wealthiest bankers, financiers, and industrialists were throwing huge amounts of money at this country’s mainstream environmental organizations. The ‘contributions’ trickled all the way all the way down to the grass roots; in exchange, many of these mega-wealthy benefactors acquired positions of influence, often as members of the groups’ boards of directors.
One day, I was in Salt Lake City, visiting a “prominent Utah environmentalist,” and I asked for his thoughts. How seriously had Utah’s ‘green’ organizations been affected by this kind of financial support? While there were many to consider, the most disturbing to him was a venture capitalist named David Bonderman. Bonderman was (and is) the founding partner and the real power at TPG Capital, a private equity firm with more than $65 billion in assets;
To read more of Jim’s article, click the image below:
0 Responses
Stay in touch with the conversation, subscribe to the RSS feed for comments on this post.