Many companies are making important contributions, but CEOs have less leeway than ever to make bold investments in their communities. Due to growing pressures from short-term shareholders and increasing regulations, companies have been severely constrained in making targeted, long-term investments that drive social change.
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The Forbes 400 Opportunity: Purchase the Los Angeles Times for the People -- and Leave a Lasting Legacy
More billionaires showing their benevolence is a business trend we can get behind. Nine new wealthy donors and their families signed on to the Giving Pledge on Tuesday, promising to donate at least half their wealth to charity as part of a non-binding moral contract started by Warren Buffett and Bill and Melinda Gates in 2010.