Tech Titans on Income Inequality and Their “Stingy, Stingy” Industry [recode.net]
Marc Benioff, the philanthropist and billionaire founder of Salesforce, may have been the angriest man at last week’s Code Conference, held at the Terranea Resort in Rancho Palos Verdes, Calif.
Onstage, Benioff launched into a fervent monologue, calling out the audience for failing on a range of social initiatives. The income discrepancy was growing, and techies were being too stingy. Benioff called out conference presenter Re/code for not having a charitable component, and asked people there to raise their hands if their companies had charity programs. Fewer than half did.
“You’ve got to show that we are part of the solution, not just part of the problem,” said Benioff, his voice rising in intensity.
San Francisco, the heart of the tech industry, now has the fastest-growing income inequality in the country, a gap on par with Rwanda’s.