A textbook or coursebook (UK English) is a manual of instruction in any branch of study. Textbooks are produced according to the demands of educational institutions. Although most textbooks are only published in printed format, many are now available as online electronic books and increasingly in scanned format in P2P networks.
The Greek philosopher Socrates (469-399 B.C.) lamented the loss of knowledge because the media of transmission were changing. Before the invention of the Greek alphabet 2,500 years ago, knowledge and stories were recited aloud, much like Homer's epic poem The Odyssey.
The new technology of writing meant stories no longer needed to be memorized, a development Socrates feared would weaken the Greeks' mental capacities for memorizing and retelling. (Paradoxically, we know about Socrates' concerns only because they were written down by his student Plato in his famous Dialogues.)
The next revolution for books came with the 15th-century invention of printing with changeable type. The invention is attributed to German metalsmith Johannes Gutenberg, who cast type in molds using a melted metal alloy and constructed a wooden-screw printing press to transfer the image onto paper.
Gutenberg's first and only large-scale printing effort was the now iconic Gutenberg Bible in the 1450s — a Latin translation from the Hebrew Old Testament and the Greek New Testament, copies of which can be viewed on the British Library Web site www.bl.uk. Gutenberg's invention made mass production of texts possible for the first time. Although the Gutenberg Bible itself was stratospherically expensive, printed books began to spread widely over European trade routes during the next 50 years, and by the 16th century printed books had become more widely accessible and less costly.
Compulsory education and the subsequent growth of schooling in Europe led to the printing of many standardized texts for children. Textbooks have become the primary teaching instrument for most children since the 19th century. Two textbooks of historical significance in United States schooling were the 18th century New England Primer and the 19th century McGuffey Readers.
Technological advances change the way people interact with textbooks. Online and digital materials are making it increasingly easy for students to access materials other than the traditional print textbook. Students now have access to electronic and PDF books, online tutoring systems and video lectures.
Most notably, an increasing number of authors are foregoing commercial publishers and offering their textbooks under a creative commons or other open license. The New York Times recently endorsed the use of free, open, digital textbooks in the editorial "That textbook costs how much?"
This fundamental difference in the market is often cited as the primary reason that prices are out of control. The term "Broken Market" first appeared in Economist James Koch's analysis of the market commissioned by the Advisory Committee on Student Financial Assistance.
This situation is exacerbated by the lack of competition in the textbook market. Consolidation in the past few decades has reduced the number of major textbook companies from around 30 to just a handful. Consequently, there is less competition than there used to be, and the high cost of starting up keeps new companies from entering.
Students who look beyond the campus bookstore can typically find lower prices. With the ISBN or title, author and edition, most textbooks can be located through online used book sellers or retailers.
Most leading textbook companies publish a new edition every 3 or 4 years, more frequently in math & science. Harvard economics chair James K. Stock has stated that new editions are often not about significant improvements to the content. "New editions are to a considerable extent simply another tool used by publishers and textbook authors to maintain their revenue stream, that is, to keep up prices," A study conducted by The Student PIRGs found that a new edition costs 12% more than a new copy of previous edition, and 58% more than a used copy of the previous edition. Textbook publishers maintain these new editions are driven by faculty demand. The Student PIRGs' study found that 76% of faculty said new editions were justified “half of the time or less” and 40% said they were justified “rarely” or “never.” The PIRG study has been criticized by publishers, who argue that the report contains factual inaccuracies regarding the annual average cost of textbooks per student.
The Student PIRGs also point out that recent emphasis on electronic textbooks, or "eTextbooks," does not always save students money. Even though the book costs less up-front, the student will not recover any of the cost through resale.
According to the Student PIRGs, the typical bundled textbook is 10%-50% more than an unbundled textbook, and 65% of professors said they “rarely” or “never” use the bundled items in their courses.
A 2005 Government Accountability Office (GAO) Report found that the production of these supplemental items was the primary cause of rapidly increasing prices:
While publishers, retailers, and wholesalers all play a role in textbook pricing, the primary factor contributing to increases in the price of textbooks has been the increased investment publishers have made in new products to enhance instruction and learning...While wholesalers, retailers, and others do not question the quality of these materials, they have expressed concern that the publishers’ practice of packaging supplements with a textbook to sell as one unit limits the opportunity students have to purchase less expensive used books....If publishers continue to increase these investments, particularly in technology, the cost to produce a textbook is likely to continue to increase in the future.
Bundling has also been used as a means of segmenting the used book market. Each combination of a textbook and supplemental items receives a separate ISBN. A single textbook could therefore have dozens of ISBNs that denote different combinations of supplements packaged with that particular book. When a bookstore attempts to track down used copies of textbooks, they will search for the ISBN the course instructor orders, which will locate only a subset of the copies of the textbook.
Legislation on the state and federal level seeks to limit the practice of bundling, by requiring publishers to offer all components separately. Publishers have testified in favor of bills including this provision, but only in the case that the provision exempts the loosely defined category of "integrated textbooks." The Federal bill only exempts 3rd party materials in integrated textbooks, however publisher lobbyists have attempted to create a loophole through this definition in state bills.
No data suggests that this is in fact true. However, The Student PIRGs have found that publishers actively withhold pricing information from faculty, making it difficult to obtain. Their most recent study found that 77% of faculty say publisher sales representatives do not volunteer prices, and only 40% got an answer when they directly asked. Furthermore, the study found that 23% of faculty rated publisher websites as “informative and easy to use” and less than half said they typically listed the price.
The US Congress passed a law in the 2008 Higher Education Opportunity Act that would require price disclosure. Legislation requiring price disclosure has passed in Connecticut, Washington, Minnesota, Oregon, Arizona, Oklahoma, and Colorado. Publishers are currently supporting price disclosure mandates, though they insist that the "suggested retail price" should be disclosed, rather than the actual price the publisher would get for the book.
When students resell their textbooks during campus “buyback” periods, these textbooks are often sold into the national used textbook distribution chain. If a textbook is not going to be used on campus for the next semester of courses then many times the college bookstore will sell that book to a national used book company. The used book company then resells the book to another college bookstore. Finally, that book is sold as used to a student at another college at a price that is typically 75% of the new book price. At each step, a markup is applied to the book to enable the respective companies to continue to operate.
According to textbook author Henry L. Roediger (and Wadsworth Publishing Company senior editor Vicki Knight), the used textbook market is illegitimate, and entirely to blame for the rising costs of textbooks. As methods of "dealing with this problem", he recommends making previous editions of textbooks obsolete, binding the textbook with other materials, and passing laws to prevent the sale of used books. The concept is not unlike the limited licensing approach for computer software, which places rigid restrictions on resale and reproduction. The intent is to make users understand that the content of any textbook is the intellectual property of the author and/or the publisher, and that as such, subject to copyright. Obviously, this idea is completely opposed to the millennia-old tradition of the sale of used books, and would make that entire industry illegal.
More than 20 schools offer textbook rental programs, including East Los Angeles College, The University of Wisconsin-Whitewater, Southern Illinois University, and Eastern Illinois University's new, state of the art facility.
Although the largest question seems to be who is going to pay to write them, several state policies suggest that public investment in open textbooks might make sense. To offer another perspective, any jurisdiction might find itself challenged to find sufficient numbers of credible academics who would be willing to undertake the effort of creating an open textbook without realistic compensation, in order to make such a proposal work.
The other challenge involves the reality of publishing, which is that textbooks with good sales and profitability subsidize the creation and publication of low demand but believed to be necessary textbooks. Subsidies skew markets and the elimination of subsidies is disruptive; in the case of low demand textbooks the possibilities following subsidy removal include any or all of the following: higher retail prices, a switch to open textbooks, a reduction of the number of titles published.
On the other hand, independent open textbook authoring and publishing models are developing. Most notably, the startup publisher Flat World Knowledge already has dozens of college-level open textbooks that are used by more than 900 institutions in 44 countries. Their innovative business model is to offer the open textbook free online, and then sell ancillary products that students are likely to buy if prices are reasonable - print copies, study guides, ePub, .Mobi (Kindle), PDF download, etc. Flat World Knowledge compensates its authors with royalties on these sales. Generated revenue is also used to fund high-quality publishing activities, making the Flat World financial model sustainable. Flat World Knowledge intends to have open textbooks available for the 125 highest-enrolled courses on college campuses within the next few years.
CK-12 FlexBooks are the open textbooks designed for United States K-12 courses. CK-12 FlexBooks are designed to facilitate conformance to national and United States and individual state textbook standards. CK-12 FlexBooks are licensed under a Creative Commons BY-NC-SA license, are easy to update, and easy to customize. CK-12 FlexBooks are free to use online and offer formats suitable for use on portable personal reading devices and computers - both online and offline. Formats for both iPad and Kindle are offered. School districts may select a title as is or customize the open textbook to meet local instructional standards. The file may be then accessed electronically or printed using any print on demand service without paying a royalty, saving 80% or more when compared to traditional textbook options. An example print on demand open textbook title, "College Algebra" by Stitz & Zeager through Lulu is 608 pages, royalty free, and costs about $20 ordered one at a time (March, 2011). ''(Any print on demand service could be used - this is just an example. School districts could easily negotiate even lower prices for bulk purchases to be printed in their own communities.)'' Teacher's editions are available for educators and parents. Titles have been authored by various individuals and organizations and are vetted for quality prior to inclusion in the CK-12 catalog. An effort is underway to map state educational standards correlations. Stanford University provided a number of titles in use. CK-12 Foundation is a non-profit organization with a mission to reduce the cost of textbook materials for the K-12 market both in the U.S. and worldwide using a standards driven, open-licensed, web-based, collaborative content aggregation model.
Curriki is another modular K-12 content non-profit "empowering educators to deliver and share curricula." Selected Curriki materials are also correlated to U.S. state educational standards. Some Curriki content has been collected into open textbooks and some may be used for modular lessons or special topics.
Although the project does not permit verbatim copies of pre-existing works (those would be covered by WikiSource), it does permit annotated texts, which are a kind of text that includes an original text within it and serves as a guide to reading or studying that text. Annotated editions of previously published source texts may only be written if the source text is compatible with the project's license.
Following closely behind annual increases in tuition and fees at postsecondary institutions, college textbook and supply prices have risen at twice the rate of annual inflation over the last two decades.
Rising at an average of 6 percent each year since academic year 1987-1988, compared with overall average price increases of 3 percent per year, college textbook and supply prices trailed tuition and fee increases, which averaged 7 percent per year. Since December 1986, textbook and supply prices have nearly tripled, increasing by 186 percent, while tuition and fees increased by 240 percent and overall prices grew by 72 percent. While increases in textbook and supply prices have followed increases in tuition and fees, the cost of textbooks and supplies for degree-seeking students as a percentage of tuition and fees varies by the type of institution attended. For example, the average estimated cost of books and supplies per first-time, full-time student for academic year 2003-2004 was $898 at 4-year public institutions, or about 26 percent of the cost of tuition and fees. At 2-year public institutions, where low-income students are more likely to pursue a degree program and tuition and fees are lower, the average estimated cost of books and supplies per first-time, full-time student was $886 in academic year 2003-2004, representing almost three-quarters of the cost of tuition and fees.
According to the 2nd edition of a study by the United States Public Interest Research Group (US PIRG) published in February 2005: ''"Textbook prices are increasing at more than four times the inflation rate for all finished goods, according to the Bureau of Labor Statistics Producer Price Index. The wholesale prices charged by textbook publishers have jumped 62 percent since 1994, while prices charged for all finished goods increased only 14 percent. Similarly, the prices charged by publishers for general books increased just 19 percent during the same time period."''
According to the 2007 edition of the College Board’s Trend in College Pricing Report published October 2007: ''"College costs continue to rise and federal student aid has shown slower growth when adjusted for inflation, while textbooks, as a percentage of total college costs, have remained steady at about 5 percent."''
Science textbooks have been the source of ongoing debates and have come under scrutiny from several organizations. The presentation or inclusion of controversial scientific material has been debated in several court cases. Poorly designed textbooks have been cited as contributing to declining grades in mathematics and science in the United States and organizations such as the American Academy of Arts and Sciences (AAAS) have criticized the layout, presentation, and amount of material given in textbooks.
Discussions of textbooks have been included on creation and evolution in the public education debate. The ''Smith v. Board of School Commissioners of Mobile County'' case brought forward a debate about scientific fact being presented in textbooks.
In his book, ''Surely You're Joking, Mr. Feynman!'', the late physics Nobel Prize laureate Richard P. Feynman described his experiences as a member of a committee that evaluated science textbooks. At some instances, there were nonsensical examples to illustrate physical phenomena; then a company sent — for reasons of timing — a textbook that contained blank pages, which even got good critiques. Feynman himself experienced attempts at bribery.
In some European countries, such as Sweden or Spain, students attending institutions of higher education pay for textbooks themselves, although higher education is free of charge otherwise.
With higher education costs on the rise, many students are becoming sensitive to every aspect of college pricing, including textbooks, and in many cases amount to one tenth of tuition costs. The 2005 Government Accountability Office report on college textbooks said that since the 1980s, textbook and supply prices have risen twice the rate of inflation in the past two decades. A 2005 PIRG study found that textbooks cost students $900 per year, and that prices increased four times the rate of inflation over the past decade. A June 2007 Advisory Committee on Student Financial Assistance (ACSFA) report, “Turn the Page,” reported that the average U.S. student spends $700–$1000 per year on textbooks.
While many groups have assigned blame to publishers, bookstores or faculty, the ACSFA also found that assigning blame to any one party—faculty, colleges, bookstores or publishers—for current textbook costs is unproductive and without merit. The report called on all parties within the industry to work together to find productive solutions, which included a movement toward open textbooks and other lower-cost digital solutions.
Textbook prices are considerably higher in Law School. Students ordinarily pay close to $200 for case books consisting of cases available free online.
This text is licensed under the Creative Commons CC-BY-SA License. This text was originally published on Wikipedia and was developed by the Wikipedia community.
name | Richard Baraniuk |
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nationality | Canadian, American |
fields | Electrical engineer, Mathematician |
workplaces | Rice University |
alma mater | University of Illinois at Urbana–Champaign University of Wisconsin-Madison University of Manitoba |
doctoral advisor | Douglas L. Jones |
known for | Wavelet theory, Compressive sensing, Open education |
awards | University of Illinois ECE Young Alumni Achievement Award (2000) Fellow of the IEEE (2001) One of Edutopia Magazine's Daring Dozen educators (2007) Wavelet Pioneer Award from SPIE (2008) Internet Pioneer Award from Berkman Center for Internet & Society (2008) World Technology Award for Education (2009) Fellow of the American Association for the Advancement of Science (2009) }} |
Richard G. Baraniuk is the Victor E. Cameron Professor of Electrical and Computer Engineering at Rice University.
Baraniuk's own textbook, "Signals and Systems," has generated 4.5 million page views including a very popular translation into Spanish. Connexions has also provided an all-digital platform to relaunch the Rice University Press. In 2006 Baraniuk delivered a lecture on Connexions at TED. He has been an active popularizer of open education and was also one of the framers of the Cape Town Open Education Declaration.
Connexions received the Tech Museum Laureate Award from the Tech Museum of Innovation in 2006, and Baraniuk was selected as one of Edutopia Magazine's Daring Dozen educators in 2007. In 2008, Baraniuk received the Internet Pioneer Award from Berkman Center for Internet & Society, and in 2009 he received the World Technology Award for education.
Baraniuk was elected a Fellow of the IEEE in 2001 and a Fellow of the American Association for the Advancement of Science in 2009.
This text is licensed under the Creative Commons CC-BY-SA License. This text was originally published on Wikipedia and was developed by the Wikipedia community.
Name | Kendrick Lamar |
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Background | solo_singer |
Birth name | Kendrick Lamar |
Alias | K. Dot |
Birth date | June 17, 1987 |
Origin | Compton, California, U.S. |
Occupation | Rapper |
Genre | Hip hop, Conscious hip hop |
Years active | 2003–present |
Label | Top Dawg Entertainment |
Associated acts | Black Hippy, Schoolboy Q, Jay Rock, Ab-Soul, J. Cole |
Website | Official website }} |
Kendrick Lamar (born June 17, 1987) formerly known as K. Dot, is an American rapper from Compton, California. His music is influenced by Tupac Shakur, Nas, Jay-Z, Kanye West and DMX. He is a member of Black Hippy along with Jay Rock, Ab-Soul and Schoolboy Q. In 2009 he released an EP titled ''The Kendrick Lamar EP'', a highly acclaimed mixtape in 2010 titled ''O(verly) D(edicated)'' and released his third solo project ''Section.80'' on July 2, 2011.
In August 2011, Lamar was onstage with Snoop Dogg, Kurupt and Game, the three of them crowned him the "New King of the West Coast"
On July 2nd, 2011 Lamar released his third solo project ''Section.80'' to critical acclaim. It included features from GLC, Colin Munroe, Schoolboy Q, Ab-Soul and production from longtime collaborator Sounwave, Wyldfyer, Terrace Martin, J. Cole and more. On the topic of whether ''Section.80'' would be an album or a mixtape Lamar said "I treat every project like it’s an album anyway. It’s not gonna be nothing leftover. I never do nothing like that. These are my leftover songs ya’ll can have ‘em, nah. I’m gonna put my best out. My best effort. I’m tryna look for an album in 2012". The first single for ''Section.80'' was 'the J. Cole produced track "HiiiPower", the concept was to further explain the HiiiPower movement. ''Section.80'' went on to sell over 5000 copies in its first week without any television or radio coverage and received many very positive reviews. In the summer of 2011, Kendrick Lamar appeared on Game's ''The R.E.D. Album'' and Tech N9ne's ''All 6's and 7's'' respectively.
Lamar claims he has seen relatives that have died in his dreams for years and on one night in 2010 Tupac Shakur came to him with the message of "Keep doing what you're doing, keep my music alive" this is what he says inspired him to write much of section 80
This text is licensed under the Creative Commons CC-BY-SA License. This text was originally published on Wikipedia and was developed by the Wikipedia community.
name | Bill Gates |
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birth date | October 28, 1955 |
birth place | Seattle, Washington, U.S. |
birth name | William Henry Gates III |
occupation | Chairman of MicrosoftChairman of CorbisCo-Chair of the Bill & Melinda Gates FoundationDirector of Berkshire HathawayCEO of Cascade Investment |
years active | 1975–present |
nationality | American |
net worth | US$56 billion (2011) |
religion | Agnostic |
spouse | |
children | 3 |
residence | Medina, Washington, U.S. |
alma mater | Harvard University (Dropout) |
website | Bill Gates |
signature | BillGates Signature.svg |
parents | William H. Gates, Sr.Mary Maxwell Gates }} |
William Henry "Bill" Gates III (born October 28, 1955) is an American business magnate, philanthropist, author and chairman of Microsoft, the software company he founded with Paul Allen. He is consistently ranked among the world's wealthiest people and was the wealthiest overall from 1995 to 2009, excluding 2008, when he was ranked third. During his career at Microsoft, Gates held the positions of CEO and chief software architect, and remains the largest individual shareholder, with more than 8 percent of the common stock. He has also authored or co-authored several books.
Gates is one of the best-known entrepreneurs of the personal computer revolution. Although he is admired by many, a number of industry insiders criticize his business tactics, which they consider anti-competitive, an opinion which has in some cases been upheld by the courts. In the later stages of his career, Gates has pursued a number of philanthropic endeavors, donating large amounts of money to various charitable organizations and scientific research programs through the Bill & Melinda Gates Foundation, established in 2000.
Gates stepped down as chief executive officer of Microsoft in January 2000. He remained as chairman and created the position of chief software architect. In June 2006, Gates announced that he would be transitioning from full-time work at Microsoft to part-time work, and full-time work at the Bill & Melinda Gates Foundation. He gradually transferred his duties to Ray Ozzie, chief software architect, and Craig Mundie, chief research and strategy officer. Gates' last full-time day at Microsoft was June 27, 2008. He remains at Microsoft as non-executive chairman.
At 13 he enrolled in the Lakeside School, an exclusive preparatory school. When he was in the eighth grade, the Mothers Club at the school used proceeds from Lakeside School's rummage sale to buy an Teletype Model 33 ASR terminal and a block of computer time on a General Electric (GE) computer for the school's students. Gates took an interest in programming the GE system in BASIC, and was excused from math classes to pursue his interest. He wrote his first computer program on this machine: an implementation of tic-tac-toe that allowed users to play games against the computer. Gates was fascinated by the machine and how it would always execute software code perfectly. When he reflected back on that moment, he said, "There was just something neat about the machine." After the Mothers Club donation was exhausted, he and other students sought time on systems including DEC PDP minicomputers. One of these systems was a PDP-10 belonging to Computer Center Corporation (CCC), which banned four Lakeside students—Gates, Paul Allen, Ric Weiland, and Kent Evans—for the summer after it caught them exploiting bugs in the operating system to obtain free computer time.
At the end of the ban, the four students offered to find bugs in CCC's software in exchange for computer time. Rather than use the system via Teletype, Gates went to CCC's offices and studied source code for various programs that ran on the system, including programs in FORTRAN, LISP, and machine language. The arrangement with CCC continued until 1970, when the company went out of business. The following year, Information Sciences, Inc. hired the four Lakeside students to write a payroll program in COBOL, providing them computer time and royalties. After his administrators became aware of his programming abilities, Gates wrote the school's computer program to schedule students in classes. He modified the code so that he was placed in classes with mostly female students. He later stated that "it was hard to tear myself away from a machine at which I could so unambiguously demonstrate success." At age 17, Gates formed a venture with Allen, called Traf-O-Data, to make traffic counters based on the Intel 8008 processor. In early 1973, Bill Gates served as a congressional page in the U.S. House of Representatives.
Gates graduated from Lakeside School in 1973. He scored 1590 out of 1600 on the SAT and enrolled at Harvard College in the autumn of 1973. While at Harvard, he met Steve Ballmer, who later succeeded Gates as CEO of Microsoft.
In his sophomore year, Gates devised an algorithm for pancake sorting as a solution to one of a series of unsolved problems presented in a combinatorics class by Harry Lewis, one of his professors. Gates' solution held the record as the fastest version for over thirty years; its successor is faster by only one percent. His solution was later formalized in a published paper in collaboration with Harvard computer scientist Christos Papadimitriou.
Gates did not have a definite study plan while a student at Harvard and spent a lot of time using the school's computers. Gates remained in contact with Paul Allen, joining him at Honeywell during the summer of 1974. The following year saw the release of the MITS Altair 8800 based on the Intel 8080 CPU, and Gates and Allen saw this as the opportunity to start their own computer software company. He had talked this decision over with his parents, who were supportive of him after seeing how much Gates wanted to start a company.
Microsoft's BASIC was popular with computer hobbyists, but Gates discovered that a pre-market copy had leaked into the community and was being widely copied and distributed. In February 1976, Gates wrote an Open Letter to Hobbyists in the MITS newsletter saying that MITS could not continue to produce, distribute, and maintain high-quality software without payment. This letter was unpopular with many computer hobbyists, but Gates persisted in his belief that software developers should be able to demand payment. Microsoft became independent of MITS in late 1976, and it continued to develop programming language software for various systems. The company moved from Albuquerque to its new home in Bellevue, Washington on January 1, 1979.
During Microsoft's early years, all employees had broad responsibility for the company's business. Gates oversaw the business details, but continued to write code as well. In the first five years, Gates personally reviewed every line of code the company shipped, and often rewrote parts of it as he saw fit.
Gates oversaw Microsoft's company restructuring on June 25, 1981, which re-incorporated the company in Washington state and made Gates President of Microsoft and the Chairman of the Board.
As an executive, Gates met regularly with Microsoft's senior managers and program managers. Firsthand accounts of these meetings describe him as verbally combative, berating managers for perceived holes in their business strategies or proposals that placed the company's long-term interests at risk. He often interrupted presentations with such comments as, "That's the stupidest thing I've ever heard!" and, "Why don't you just give up your options and join the Peace Corps?" The target of his outburst then had to defend the proposal in detail until, hopefully, Gates was fully convinced. When subordinates appeared to be procrastinating, he was known to remark sarcastically, "I'll do it over the weekend."
Gates' role at Microsoft for most of its history was primarily a management and executive role. However, he was an active software developer in the early years, particularly on the company's programming language products. He has not officially been on a development team since working on the TRS-80 Model 100, but wrote code as late as 1989 that shipped in the company's products. On June 15, 2006, Gates announced that he would transition out of his day-to-day role over the next two years to dedicate more time to philanthropy. He divided his responsibilities between two successors, placing Ray Ozzie in charge of day-to-day management and Craig Mundie in charge of long-term product strategy.
Many decisions that led to antitrust litigation over Microsoft's business practices have had Gates' approval. In the 1998 ''United States v. Microsoft'' case, Gates gave deposition testimony that several journalists characterized as evasive. He argued with examiner David Boies over the contextual meaning of words like "compete", "concerned" and "we". ''BusinessWeek'' reported:
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Gates later said he had simply resisted attempts by Boies to mischaracterize his words and actions. As to his demeanor during the deposition, he said, "Did I fence with Boies? ... I plead guilty. Whatever that penalty is should be levied against me: rudeness to Boies in the first degree." Despite Gates's denials, the judge ruled that Microsoft had committed monopolization and tying, and blocking competition, both in violation of the Sherman Antitrust Act.
In April 2010, Gates was invited to visit and speak at the Massachusetts Institute of Technology where he asked the students to take on the hard problems of the world in their futures.
His estate has a swimming pool with an underwater music system, as well as a gym and a dining room.
Also among Gates' private acquisitions is the Codex Leicester, a collection of writings by Leonardo da Vinci, which Gates bought for $30.8 million at an auction in 1994. Gates is also known as an avid reader, and the ceiling of his large home library is engraved with a quotation from ''The Great Gatsby''. He also enjoys playing bridge, tennis, and golf.
Gates was number one on the Forbes 400 list from 1993 through to 2007 and number one on ''Forbes'' list of The World's Richest People from 1995 to 2007 and 2009. In 1999, Gates's wealth briefly surpassed $101 billion, causing the media to call him a "centibillionaire". Since 2000, the nominal value of his Microsoft holdings has declined due to a fall in Microsoft's stock price after the dot-com bubble burst and the multi-billion dollar donations he has made to his charitable foundations. In a May 2006 interview, Gates commented that he wished that he were not the richest man in the world because he disliked the attention it brought. Gates has several investments outside Microsoft, which in 2006 paid him a salary of $616,667 and $350,000 bonus totalling $966,667. He founded Corbis, a digital imaging company, in 1989. In 2004 he became a director of Berkshire Hathaway, the investment company headed by long-time friend Warren Buffett. In March 2010 Bill Gates was bumped down to the second wealthiest man behind Carlos Slim.
Gates began to appreciate the expectations others had of him when public opinion mounted suggesting that he could give more of his wealth to charity. Gates studied the work of Andrew Carnegie and John D. Rockefeller, and in 1994 sold some of his Microsoft stock to create the William H. Gates Foundation. In 2000, Gates and his wife combined three family foundations into one to create the charitable Bill & Melinda Gates Foundation, which is the largest transparently operated charitable foundation in the world. The foundation allows benefactors access to information regarding how its money is being spent, unlike other major charitable organizations such as the Wellcome Trust. The generosity and extensive philanthropy of David Rockefeller has been credited as a major influence. Gates and his father met with Rockefeller several times, and modeled their giving in part on the Rockefeller family's philanthropic focus, namely those global problems that are ignored by governments and other organizations. As of 2007, Bill and Melinda Gates were the second-most generous philanthropists in America, having given over $28 billion to charity.
The foundation was at the same time criticized because it invests assets that it has not yet distributed with the exclusive goal of maximizing return on investment. As a result, its investments include companies that have been charged with worsening poverty in the same developing countries where the Foundation is attempting to relieve poverty. These include companies that pollute heavily, and pharmaceutical companies that do not sell into the developing world. In response to press criticism, the foundation announced in 2007 a review of its investments, to assess social responsibility. It subsequently canceled the review and stood by its policy of investing for maximum return, while using voting rights to influence company practices.
Gates's wife urged people to learn a lesson from the philanthropic efforts of the Salwen family, which had sold its home and given away half of its value, as detailed in ''The Power of Half''. Gates and his wife invited Joan Salwen to Seattle to speak about what the family had done, and on December 9, 2010, Gates, investor Warren Buffett, and Mark Zuckerberg (Facebook's CEO) signed a promise they called the "Gates-Buffet Giving Pledge", in which they promised to donate to charity at least half of their wealth over the course of time.
''Time'' magazine named Gates one of the 100 people who most influenced the 20th century, as well as one of the 100 most influential people of 2004, 2005, and 2006. ''Time'' also collectively named Gates, his wife Melinda and U2's lead singer Bono as the 2005 Persons of the Year for their humanitarian efforts. In 2006, he was voted eighth in the list of "Heroes of our time". Gates was listed in the ''Sunday Times'' power list in 1999, named CEO of the year by ''Chief Executive Officers magazine'' in 1994, ranked number one in the "Top 50 Cyber Elite" by ''Time'' in 1998, ranked number two in the ''Upside'' Elite 100 in 1999 and was included in ''The Guardian'' as one of the "Top 100 influential people in media" in 2001.
In 1994, he was honoured as the twentieth Distinguished Fellow of the British Computer Society. Gates has received honorary doctorates from Nyenrode Business Universiteit, Breukelen, The Netherlands, in 2000; the Royal Institute of Technology, Stockholm, Sweden, in 2002; Waseda University, Tokyo, Japan, in 2005; Tsinghua University, Beijing, China, in April 2007; Harvard University in June 2007; the Karolinska Institutet, Stockholm, in January 2008, and Cambridge University in June 2009. He was also made an honorary trustee of Peking University in 2007. Gates was also made an honorary Knight Commander of the Order of the British Empire (KBE) by Queen Elizabeth II in 2005, in addition to having entomologists name the Bill Gates flower fly, ''Eristalis gatesi'', in his honor.
In November 2006, he and his wife were awarded the Order of the Aztec Eagle for their philanthropic work around the world in the areas of health and education, particularly in Mexico, and specifically in the program "''Un país de lectores"''. In October 2009, it was announced that Gates will be awarded the 2010 Bower Award for Business Leadership of The Franklin Institute for his achievements in business and for his philanthropic work. In 2010 he was honored with the Silver Buffalo Award by the Boy Scouts of America, its highest award for adults, for his service to youth.
Category:1955 births Category:American billionaires Category:American computer businesspeople Category:American chief executives Category:American computer programmers Category:American philanthropists Category:American technology writers Category:Bill & Melinda Gates Foundation people Category:Businesspeople in software Category:Harvard University people Category:Honorary Knights Commander of the Order of the British Empire Category:Members of the United States National Academy of Engineering Category:Microsoft employees Category:History of Microsoft Category:National Medal of Technology recipients Category:Living people Category:People from Seattle, Washington Category:People from King County, Washington Category:Windows people Category:Fellows of the British Computer Society Category:American people of Scottish descent
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