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Elon Musk on MacKenzie Scott giving away $26 billion of her fortune: 'Sadly,' it makes the world a worse place

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MacKenzie Scott alone accounted for one-third of America's $19.2 billion in megagifts last year

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Philanthropy leader at Warren Buffett and Bill Gates’ Giving Pledge says children of billionaires are pushing them to give their wealth away faster

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Elon Musk on MacKenzie Scott giving away $26 billion of her fortune: 'Sadly,' it makes the world a worse place

2

MacKenzie Scott alone accounted for one-third of America's $19.2 billion in megagifts last year

3

Philanthropy leader at Warren Buffett and Bill Gates’ Giving Pledge says children of billionaires are pushing them to give their wealth away faster
Broadsheet

The Broadsheet: May 22

Kristen Bellstrom
By
Kristen Bellstrom
Kristen Bellstrom
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Kristen Bellstrom
By
Kristen Bellstrom
Kristen Bellstrom
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May 22, 2015, 7:45 AM ET
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Good morning, Broadsheet readers! Melinda Gates sits down with Fortune’s Nina Easton, the Apple Watch has a woman problem, and Carly Fiorina’s former campaign staffers are telling tales out of school. I’ll be observing Memorial Day on Monday, and your Broadsheet will back on Tuesday. Have a wonderful long weekend!

EVERYONE'S TALKING

• Deadbeat boss? Presidential candidate and former Hewlett-Packard CEO Carly Fiorina apparently left a trail of unhappy campaign staffers in the wake of her unsuccessful 2010 U.S. Senate bid. Fiorina reportedly waited more than four years to pay staffers, prompting one anonymous ex-employee to say he or she would prefer to go to Iraq than work for Fiorina again. Yikes. Fortune

ALSO IN THE HEADLINES

• UW takes us to school. Last year, 30% of the University of Washington's bachelor’s degrees in computer science went to women. That's twice the national average. This New York Times story looks at how the school achieved this feat, and what other universities can learn from it. New York Times

• Melinda on everything. Melinda Gates sat down with Fortune's Nina Easton for a wide-ranging talk that touched on everything from her days at Microsoft and first date with Bill, to the birth of the Bill & Melinda Gates Foundation and its plans to help women and girls. Fortune

• Does success wear a dress? A new study finds that women's confidence and desire to get into the C-suite plummet after a few years on the job and never fully return. Participants reported slightly different reasons, but most boiled down to a single idea: They get the message that they don't fit their company's image of success. New York Magazine

• Spanish struggle. Esperanza Aguirre is running for mayor of Madrid. But while the Spanish capital has been governed by her conservative Popular Party for 26 years, the long-time pol will have to woo back voters who've been soured by corruption scandals and high unemployment. WSJ

• Forget his and hers. As the transgender community becomes more visible, a growing number of retailers are springing up to cater to the group's unique needs. Fortune talks to companies selling clothing, shoes and lingerie designed to transcend traditional notions of gender. Fortune

• Women aren't Watching. Does the Apple Watch have a woman problem? One analyst slashed his 2015 expectations for sales of the device after research found that it has attracted mostly men.  Cult of Mac

• Serious speaking fees. The Clinton Foundation has disclosed that it received between $12 million and $26.4 million in payments for speeches delivered by Bill, Hillary and Chelsea Clinton since 2002.  Bloomberg

MOVERS AND SHAKERS: Yie-Hsin Hung has been named CEO of New York Life’s asset management subsidiary, New York Life Investment Management.

IN CASE YOU MISSED IT

• Big plans for big data. Diana Farrell, CEO of the new JPMorgan Chase Institute, wants to tap account holder data to gain fresh economic insights. Sounds good in theory, but how will the public respond to the bank's use of personal info? Fortune

• Two become one. Jean Liu is the president of China's largest ride-hailing business, formed by the merger of two fiercely competitive companies. In this Wall Street Journal story, Liu talks about expanding her business, coping with stress, and convincing the former rivals to work together. WSJ

• Bucks for Brit. According to SEC filings, Brit + Co founder Brit Morin has landed $23 million to help finance her budding online DIY empire. Fortune

• Women behind the wheel? Saudi Arabian women finally get the right to drive--but only in a videogame. An upcoming mobile game features a group of young Saudi women who race souped-up motorcycles to fight the evil rulers of a corrupted Arabian Empire.   WSJ

• Giving manicurists a hand. Hundreds of New York City volunteers passed out flyers and packets of information yesterday as part of a city outreach campaign to educate nail salon workers about their rights and how to protect their health. New York Times

• Boosting Big Blue's immunity. IBM is attempting to raise the profile of its Internet security unit--which CEO Ginni Rometty calls an "immune system" for business. The move is part of IBM's broader effort to diversify hardware-related sales.  Re/Code

Tune in to Fortune Live today and every Friday at 3 pm ET at Fortune.com. This week's guests talk Food--the subject of Fortune's new issue: CEOs Matt Maloney of GrubHub and Wyman Roberts of Brinker International. Plus, Plated CEO Nick Taranto and Marley Spoon CFO Julian Lange join host Leigh Gallagher for a roundtable on meal delivery services.

Share today's Broadsheet with a friend:
http://fortune.com/newsletter/broadsheet/

Looking for previous Broadsheets? Click here.

ON MY RADAR

Taylor Swift's "Bad Blood" sets a Vevo world record  Time

7 times Siri understood gender identity better than most humans  Quartz

Lock up your nuts, Seoul! Heather Cho is out of jail  Fortune

Meet the 5-year-old J.Crew just hired as its new designer  Time

Special report: The war on big food  Fortune

QUOTE

Progress cannot be mistaken for success.

Chelsea Clinton, on a new report about the global challenges faced by women
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