|No "conflict of interest" between the New York Times and Al Gore|
|Written by Ann McElhinney & Phelim McAleer|
|Tuesday, 03 November 2009 15:32|
Apparently for the New York Times the concept of "conflict of interest" can only be used for oil companies.
So Al Gore, who is poised to become a billionaire from his green investments, has according to the New York Times a "dual role" as "advocate and investor" or as they say everywhere else in the world, he has a "conflict of interest."
"Former Vice President Al Gore thought he had spotted a winner last year when a small California firm sought financing for an energy-saving technology from the venture capital firm where Mr. Gore is a partner.
The company, Silver Springs Network, produces hardware and software to make the electricity grid more efficient. It came to Mr. Gore's firm, Kleiner Perkins Caufield & Byers, one of Silicon Valley's top venture capital providers, looking for $75 million to expand its partnerships with utilities seeking to install millions of so-called smart meters in homes and businesses, The New York Times's John M. Broder writes.
Mr. Gore and his partners decided to back the company, and in gratitude Silver Spring retained him and John Doerr, another Kleiner Perkins partner, as unpaid corporate advisers."
Continue reading the NYT article here.
Share this page on your favorite Social Websites...