| By Bob Weaver
Mark Zuckerberg, the co-founder and chief executive of Facebook, announced on Tuesday that he and his wife would give 99 percent of their Facebook shares "during our lives" â holdings currently worth more than $45 billion â to charitable purposes.
The pledge was made in an open letter to their newborn daughter, Max, who was born about a week ago.
Mr. Zuckerberg and his wife, Dr. Priscilla Chan, said they were forming a new organization, the Chan Zuckerberg Initiative, to manage the money, through an unusual limited liability corporate structure.
"Our initial areas of focus will be personalized learning, curing disease, connecting people and building strong communities," they wrote.
Meanwhile, Pfizer and Allergan are preparing to merge in a $160 billion deal that will create the world's largest drug company, companies at the heart of medical innovation, but shifting the new company to be headquartered in Ireland.
They join hundreds of American and multi-national corporations that have enjoyed tax breaks under the US Tax Code, thicker than the Holy Bible, many having shifted to dummy corporations in the Cayman Islands.
Those corporations are among the 1% that own 99% of the wealth in the United States.
It's the free market and trickle down economics.
| 
