Naked Capitalism asks Should be leery of the generosity of the uber rich? making the convincing point that aside from this being a nice PR move they are taking on the traditional aristocratic pursuit of noblesse oblige which I suppose was an early modern PR system but essentially it is both an act and philosophy that by giving the poor some crumbs they deserve some fabulous wealth.
Even if this isn't the case one has to wonder if the charities founded by the super rich and controllable by them will move towards worthwhile goals, given how deeply undemocratic they are. Imagine a charity controlled by Steve Ballmer.
link found via http://www.archein21.com/
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