Credible Commitment?

What a great time to be alive, especially if you are consultant, what with so many philanthropic foundations to choose from … Our friend Mark Zuckerberg recently pledged–via a lengthy public letter ostensibly addressed to his newborn daughter–to donate 99% of his Facebook shares to his own private philanthropic venture: the Chan-Zuckerberg Initiative. So, is this public pledge legally-binding or otherwise enforceable in a court of law, or is it just some savvy marketing and public relations ploy on his part? Addendum (15 Dec.): here is James Surowiecki’s defense of Zuckerberg’s “philanthro-capitalism”–or should we say: pseudo-philanthropy?

About F. E. Guerra-Pujol

When I’m not blogging, I am a law professor at the College of Business of the University of Central Florida.
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