Ted's Excellent Intentions

A mogul gives out scholarships to fix the system. But it's not that simple

When good things are done by rich people, we tend to wonder why. Dallas Cowboys tycoon Jerry Jones, who says he has people highlight passages in books for him so that he doesn't have to read any, gave $1 million to the Library of Congress last Wednesday. Financier George Soros spent some $2 million last year toward making marijuana legal for medical use. Now comes leveraged-buyout mogul Ted Forstmann, who together with Wal-Mart heir John Walton is spending $100 million to give 40,000 scholarships to disadvantaged children who want an alternative to public school. This week the Children's Scholarship Fund will...

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