(09-26-2002) Bono drops in chez Rothschild to give advice on poverty - London Times

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September 25, 2002
People by Andrew Pierce

Bono drops in chez Rothschild to give advice on poverty

THE real measure of a businessman?s fame is not entry in the FTSE 100, but to be known by a single name. Yesterday the ranks of Branson, Buffett and Gates were joined by . . . Bono.

The lead singer of U2, one of the world?s highest earning rock bands, made a surprise appearance at Waddesdon Manor, the Buckinghamshire home of the Rothschild banking dynasty, for a conference of businessmen and financiers.

Looking every inch the star in his trademark sunglasses, Bono, who has lobbied Presidents Chirac and Bush and Tony Blair over Third World debt, made an impassioned speech on his favourite topic.

The right people were listening. They included Jim Wolfensohn, the feisty President of the World Bank, and Paul Volcker, the ex-head of the Federal Reserve. Volcker and Bono are such a double act that they go to rock concerts together.

The private conference on the state of the international economy was staged by Warren Buffett, the richest man in America after Bill Gates, who has a personal fortune of about $36 billion. He flew in with that well-known entrepreneur Arnold Schwarzenegger.

The film star, who wants to be Republican Mayor of California, is a client of Buffett?s NetJets, the world?s leading seller of timeshares in executive jets. Schwarzenegger delivered a moving speech ? in the respectful silence that befits the star of the Terminator films ? about how owners of private jets were sinners. It is much better for the soul, apparently, merely to lease a share.

What was the agenda for the two-day seminar? Investment strategy in the Far East, a hawkish debate on the Middle East, which included contributions from Sir Charles Guthrie, the former Chief of Defence Staff. But the best attended event was led by a Harvard professor, Thomas Perls, on how to live to 100. Everyone took copious notes.


Thank you, Savannah!
 
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