j. - Yahoo CEO talks of philanthropy, teamwork at JCF event: "Soft-spoken but authoritative, Semel discussed the importance of philanthropy in business. “Business and philanthropy go hand in hand,” he said. “I came from a lower-income family in Brooklyn, yet by the age of 10 or 12 I’d already been taught the importance of giving.
“You need to start kids off that young so that it becomes a habit. To accomplish things you also have to give. At first maybe with time, then later with money, and eventually even both if you are able.”
At the age of 10 it was a dollar from his allowance; today, Semel no longer thinks on a small scale.
“I now think in terms of hundreds of millions,” he said, “but the same principles apply whether it’s a two-person philanthropy organization or a giant like Yahoo.”"
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