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Craig Smith's avatar

While I think it is generally true that the tech elite haven't used their wealth and power for civic virtue, I think the As/Raiders examples from Yglesias fail on the facts. Mark Davis has no interest in selling his controlling share of the Raiders. It is a family business and it is one of the only sports franchises where owning that team is the primary familial business (Al Davis was a football man who got into team ownership back in the AFL days as opposed to a businessman who bought a team). John Fisher seems to have no interest in selling the As, even though he could make a killing selling them to the highest bidder (because at this point, it would be easier to relocate them than pretty much any other major sports franchise).

But the question of why haven't more tech moguls started inner city STEM charter schools is more salient and interesting to me.

cbus82's avatar

Re: Civic Role

Three examples from Columbus:

1. The late John McConnell of Worthington Industries, along with Nationwide Insurance, saving a fledging bid for an NHL team. As a result, a desperately needed downtown arena was built by Nationwide. Events that used to bypass Columbus now come to the city.

2. Jack Nicklaus wanting to bring something like the Masters Tournament to his hometown of Columbus. The result was a world class golf course with the Memorial Tournament, one of the top on the PGA Tour. With that has been big money for Nationwide Children’s Hospital.

3. Finally, Arnold Schwarzenegger won a major bodybuilding event in Columbus in the 1970’s. Through that he met people from Columbus. That brought The Arnold, an annual event spanning various sports and health, which packs downtown Columbus each March.

The Arnold might fit a unique example for the tech elite today. A guy from Austria starts an event in a random American midwest town due to winning an event in the town. What could the tech elite do in Toledo, Duluth, or Albuquerque?

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