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Melinda Gates leaves board of Post Co.

The salary of Google chief executive Eric Schmidt will remain at $1 a year, but four colleagues will now be paid $650,000 annually.
The salary of Google chief executive Eric Schmidt will remain at $1 a year, but four colleagues will now be paid $650,000 annually. (Robert Galbraith)

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Saturday, November 13, 2010

Melinda French Gates, philanthropist and wife of billionaire Microsoft co-founder Bill Gates, has resigned from the Washington Post Co. board of directors, the company announced Friday.

Gates, a former Microsoft manager who runs the multibillion-dollar Bill and Melinda Gates Foundation with her husband, had joined the board in 2004.

She did not give a reason for stepping down. A family spokesman said she was spending more time than before working and traveling for the foundation.

The Post board's chairman, Donald E. Graham, said it is "sad at losing her."

The Post Co.'s Kaplan education unit has come under harsh scrutiny in news reports quoting former Kaplan employees who said that they had been instructed to use the Gates name to persuade students to take classes at the company.

Gates said in a statement released by The Post Co. that she has "been impressed with The Washington Post Company's work with Kaplan, whose new approaches to education are allowing students opportunities that would otherwise not be possible."

She also said the "mission" of The Post Co. "remains as vital today as at any time in its history."

Gates and her husband are close to Warren E. Buffett, whose Berkshire Hathaway company owns about 24 percent of The Post Co. Buffett has pledged to donate much of his fortune to the Gates Foundation.

The Post board, which includes Buffett, now has 11 members.

- Steven Mufson

TECHNOLOGY

Top Google executives get 30 percent raise

Google has given its top executives a 30 percent salary bump, bigger than the 10 percent raise it gave its rank-and-file workers this week.

Google's top brass - chief executive Eric Schmidt and co-founders Sergey Brin and Larry Page - will still take $1 a year in salary. Their fortunes are wrapped up in Google's stock.


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