Montreal billionaire Robert Miller, who faces a class-action lawsuit alleging he paid underage girls for sex, is selling his company Future Electronics Inc. for more than $5 billion to a Taiwanese semiconductor distributor.
Future Electronics, which Quebec's business registry lists as wholly owned by Miller, is a global distributor of electronics components that employs 5,200 workers across 47 countries. A class-action lawsuit against Miller and Future Electronics saw around 30 women come forward this year alleging he gave them money and gifts in exchange for sex when they were underage.
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Griffin of Citadel hedge fund lays out roadmap to future philanthropic givingKen Griffin, the world's most successful hedge fund manager in terms of earnings, has already donated more than $2 billion to charity during his lifetime and on Wednesday laid out a roadmap for his future philanthropic giving to find faster solutions to the world's biggest problems. Griffin, who laid the foundations for Citadel in his Harvard dormitory, launched Griffin Catalyst (GriffinCatalyst.org), a platform that illustrates how he thinks about giving and showcases his partner organizations and how they have put his money to work. Already a big donor to schools and universities, Griffin said his giving will focus on six areas: Education, Science & Medicine, Upward Mobility, Freedom & Democracy, Enterprise & Innovation and Communities.
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