Sunday, February 23, 2014

5 tycoons who want to close the wealth gap

FILE - In this May 14, 1933 file photo, John D. Rockefeller, Sr. is surrounded by state troopers and admirers as he attended church in Lakewood, N.J. In the early 21st century, members of the economic elite are looking for ways to reduce the nation's growing income inequality for a variety of reasons, from self-interest to pangs of conscience. "Names like Carnegie, Mellon and Rockefeller_ the (Warren) Buffet and (Bill) Gates of their days - grace universities, museums and medical centers in part because the originators of those fortunes gave back," Harvard Business School professor Michael Norton says. (AP Photo, File) As the middle class struggles to make gains and President Barack Obama strives to shine a spotlight on the issue of income inequality, an unlikely constituency is looking for ways to close the nation's growing wealth gap: A handful of top U.S. business tycoons.


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