Steve and Connie Ballmer are splitting their $8 billion philanthropy into three so the people closest to the work can decide how the money is spent
Ballmer Group is spinning its three regional offices into independent nonprofits, and CEO Terri Ludwig says she'd rather run them like startups than spin-offs.
Ballmer Group is spinning its three regional offices into independent nonprofits, and CEO Terri Ludwig says she'd rather run them like startups than spin-offs.
BELLINGS Intelligence Score: 8
Why it matters
The splitting of the Ballmer Group's $8 billion philanthropy into three independent nonprofits is a notable organizational change but does not directly impact credit markets, underwriting, or regulatory frameworks relevant to sophisticated credit professionals.
Sources
Fortune
Steve and Connie Ballmer are splitting their $8 billion philanthropy into three so the people closest to the work can decide how the money is spent
Ballmer Group is spinning its three regional offices into independent nonprofits, and CEO Terri Ludwig says she'd rather run them like startups than spin-offs.