Bill Ackman, the CEO of Pershing Square, has responded to Microsoft Corp. Founder Bill Gates‘ former wife Melinda Gates‘ criticism of his philanthropic efforts. Ackman, who is also a prominent investor, expressed his belief that for-profit solutions are more effective in addressing societal issues than philanthropy. What Happened: Ackman took to X to respond to Gates’ comments about his philanthropic endeavors. He highlighted the significant contributions made by his family’s foundation, the Pershing Square Foundation, and an affiliated DAF, which have made grants exceeding $700 million and po…
