10 Updates

Rupert Murdoch Joins Bay Area Donors At Fundraiser To Fight Poverty

May 9 2014, 10:36pm CDT | by

Addressing 1,200 of the San Francisco Bay Area’s most well-heeled tech and investment leaders Thursday night, Daniel Lurie sounded like the conscience of the tech boom. “Despite the success we see...

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11 weeks ago

Rupert Murdoch Joins Bay Area Donors At Fundraiser To Fight Poverty

May 9 2014, 10:36pm CDT | by

Addressing 1,200 of the San Francisco Bay Area’s most well-heeled tech and investment leaders Thursday night, Daniel Lurie sounded like the conscience of the tech boom.

“Despite the success we see all around us — buildings, construction, news of IPOs — one in five people are still living in poverty,” said Lurie, framed by a projection of the twilit San Francisco skyline. “It’s up to us. Every single child in this region deserves to dream of becoming an engineer at Google or a Fortune 500 CEO.”

Lurie, who is the son of Levi Strauss & Co. board director Miriam Haas and stepson of its late executive Peter E. Haas, Sr., heads the poverty-fighting nonprofit Tipping Point Community. Dressed in an orange tie and making liberal use of President Obama’s signature “Thumb Jab,” he urged executives to take responsibility for giving back.

“This is my city. This is our city. This is our region. And I’m not satisfied with the do-no-harm approach,” he said.

Whether it was Lurie’s emphatic speech, a rising tide of anti-tech backlash in the Bay Area or the rosier economy, the message seemed to resonate. Guests at Tipping Point’s eighth annual benefit donated a record $12 million over the course of the evening to the organization’s mission of ending poverty in the Bay Area.

Among the guests was billionaire Rupert Murdoch , chairman and CEO of News Corp. He tagged along with his new girlfriend, Juliet de Baubigny, a millionaire Silicon Valley-based investor and Tipping Point donor. As of Friday, the organization couldn’t say whether the pair had contributed this year because it hadn’t yet tallied all the gifts.

Yahoo CEO Marissa Mayer , Twitter CEO Dick Costolo, Zynga cofounder Mark Pincus , along with executives from Google, Salesforce and Wells Fargo also attended. So did Tom Perkins, Bing Gordon , Ron Conway and other major Silicon Valley investors.

Gap cofounder and billionaire Doris Fisher , Lt. Governor Gavin Newsom and Oakland Raiders defensive end Justin Tuck were also there.

Tipping Point’s message seems to be hitting home more than ever in its nine-year history. This year’s benefit raised some $3 million more than last year’s and attracted nearly 300 additional guests. And on Wednesday, the organization announced that 20 Bay Area companies had pledged a combined $10 million to the group in response to a 60-day challenge. These included Apple, Microsoft, Google, Dropbox, Salesforce, LinkedIn and Zynga.

The campaign, dubbed SF Gives, was the brainchild of billionaire Salesforce CEO Marc Benioff .

“The grassroots of San Francisco let its voice be known that it wasn’t happy that these tech companies were coming here, using San Francisco infrastructure, safety services and schools, using the community to make these immense amounts of capital, and not giving back,” Benioff said in a phone interview with Forbes. “Now there’s a clear message that if you’re coming to San Francisco, you better be ready to give back to San Francisco.”

Next, Benioff hopes to challenge 100 companies to commit a combined $50 million  to Tipping Point within a year. He says he chose Tipping Point to distribute the funds because of the group’s history of investing in well-performing nonprofits that tackle the many sides of poverty.

Tipping Point vets and funds Bay Area nonprofits that improve access to education, jobs, housing and healthcare for the region’s low-income residents. The organization’s board — which includes Fortress Investment Group Chairman Pete Briger, Microsoft executive Tony Bates and San Francisco 49ers CEO Jed York — covers all its operating costs. That means all the money it raises goes to the 45 nonprofits it funds, with five more to be added after this year’s gala.

At the benefit, which took place on a pier in the shadow of San Francisco’s waterfront ballpark, sequins and stilettos mingled with geeky glasses. Striped caution tape adorned tables and chairs, and faux road signs read “Good Work Ahead” and “End Poverty.” The message was clear: San Francisco was under construction, and the people in the room would help define what it looked like.

Guests chowed down on roasted game hen and asparagus with ricotta. After dinner, Christie’s auctioneer Lydia Fenet cheekily goaded guests to open their wallets (calling bidders “hotties” seemed to help). Guests placed their bids by raising orange glowsticks.

When Tipping Point beat its $7 million goal, a four-ton robot built by Bot and Dolly, the studio that helped the film Gravity simulate weightlessness, danced and created a light show. The robot almost upstaged OneRepublic and DJ Ruckus, who performed later in the night./>/>

Follow me on Twitter @katiasav .

 
Update
10

7 weeks ago

RM47mil KWSG contributions still unclaimed

Jun 9 2014 7:54am CDT | Source: Business Times Malaysia

KUALA LUMPUR: About RM47 million of contributions in the Teachers Provident Fund (KWSG) still remain unclaimed, the Dewan Rakyat ...
Source: Business Times Malaysia   Full article at: Business Times Malaysia
 

 
Update
9

7 weeks ago

Gold shop lost almost RM1mil

Jun 9 2014 3:50am CDT | Source: Business Times Malaysia

KANGAR: A gold shop owner lost almost RM1 million after after the safe on in his shop was broken into by r ...
Source: Business Times Malaysia   Full article at: Business Times Malaysia
 

 
Update
8

7 weeks ago

Motion to debate MAS losses in Dewan Rakyat rejected

Jun 9 2014 3:39am CDT | Source: Business Times Malaysia

KUALA LUMPUR: AN emergency motion to debate the losses incurred by Malaysia Airlines last year, amounting to RM1.2 billion was rejected by the Dewan ...
Source: Business Times Malaysia   Full article at: Business Times Malaysia
 

 
Update
7

7 weeks ago

MH370 Tragedy: Hisham: RM27.6 mil spent on 1st phase of SAR

Jun 9 2014 2:11am CDT | Source: Business Times Malaysia

KUALA LUMPUR: Malaysia spent some RM27.6 million in its first phase of the search operations for missing Malaysia Airline flight MH370, said Acting Transport Minister, Datuk Seri ...
Source: Business Times Malaysia   Full article at: Business Times Malaysia
 

 
Update
6

7 weeks ago

9.1m litres of diesel seized in a month

Jun 8 2014 1:11am CDT | Source: Business Times Malaysia

PUTRAJAYA: The Domestic Trade, Cooperatives, and Consumerism ministry has seized some 9.1 million litres of diesel and property worth RM58 million since mounting ‘Operasi Diesel Selatan’ in the southern states ...
Source: Business Times Malaysia   Full article at: Business Times Malaysia
 

 
Update
5

7 weeks ago

Girl, 9, awarded RM2.78m compensation for medical negligence

Jun 6 2014 4:56am CDT | Source: Business Times Malaysia

KUALA LUMPUR: A nine-year-old girl who suffered brain damage during her birth at a government hospital was awarded over RM2.78 mill ...
Source: Business Times Malaysia   Full article at: Business Times Malaysia
 

 
Update
4

7 weeks ago

Malaysia's total trade in April up 12pc

Jun 5 2014 11:52pm CDT | Source: Business Times Malaysia

KUALA LUMPUR: Malaysia's total trade in April 2014 rose by 12 per cent from a year ago to RM123.86 billion due to growing trading activities, International Trade and Industry Minister Datuk Se ...
Source: Business Times Malaysia   Full article at: Business Times Malaysia
 

 
Update
3

7 weeks ago

Works Ministry to spend RM20m for upgrading works at 50 accident black spots

Jun 4 2014 11:35pm CDT | Source: Business Times Malaysia

JOHOR BARU: The Works Ministry will implement upgrading works at 50 accident prone locations in the country that have been identified this year involving an ...
Source: Business Times Malaysia   Full article at: Business Times Malaysia
 

 
Update
2

7 weeks ago

Najib launches loan scheme for Ramadan traders

Jun 4 2014 10:24pm CDT | Source: Business Times Malaysia

PUTRAJAYA: Prime Minister Datuk Seri Najib Razak today launches RM45 million Ramadan Bazaar Scheme 201 ...
Source: Business Times Malaysia   Full article at: Business Times Malaysia
 

 
Update
1

7 weeks ago

Residents bring up objection against Kidex to Suhakam

Jun 4 2014 4:49am CDT | Source: Business Times Malaysia

PETALING JAYA: A group of 20 Petaling Jaya residents held a meeting with the Human Rights Commission of Malaysia (Suhakam) over their objection against the proposed RM2.2 billion Kinrara Damansara Skyway (Kidex) t ...
Source: Business Times Malaysia   Full article at: Business Times Malaysia
 

 

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