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Why I gave away my company to charity
Two friends were at a party held at the mansion of a billionaire. One said, “Wow! Look at this place! This guy has everything!” The other said, “Yes, but I have something he'll never have: enough.”I live simply. I hate waste and excess. I have a good apartment, a good laptop, and a few other basics. But the less I own, the happier I am. The lack of possessions gives me the priceless freedom to live anywhere anytime. Full DetailsWhen I decided to sell my company in 2008, I already had enough.
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Derek hardly gave away his company to charity; he put it in a trust to avoid taxes. Check the Wikipedia entry: http://en.wikipedia.org/wiki/CD_Baby He gets a *minimum* of 1.1 million dollars per year, *tax free*. This story about him giving the company away has gone around over and over, and he has happily let it ride. But it is false. The reality is that Derek abused his employees for years; they are finally being paid a living wage by their new owner, and we all hope he rots in his gold lined casket.
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