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Blitzkrieg Philanthropy, NBC's $60 Million Dispute, and the Revenge of the Pariah Caucus
Welcome back and thanks for reading The Daily Courant, your afternoon guide to the latest, most provocative new reportage from across Puck. Today, we begin with Teddy Schleifer's remarkable investigation into the inner workings of MacKenzie Scott's utterly mysterious, totally disruptive philanthropy operation—a $9 billion-and-counting black box with a skeleton-crew staff and even less scrutiny.
Plus, below the fold, Tina Nguyen assesses last week's Cruz-Carlson struggle session, the persistence of Marjorie Taylor Greene, and the Las Vegas sportsbook odds for President Ron DeSantis.
Ever since Scott split with her ex, Jeff Bezos, she has embarked on an utterly mysterious, totally disruptive, $9 billion-and-counting philanthropy spree. Here’s an inside guide to her aides and her checkbook. Something funny happened just before Christmas. MacKenzie Scott had returned to the spotlight to showcase her latest work and thinking about philanthropy, once again writing lyrically and provocatively on Medium about inequality and virtue. These twice-a-year reflections have become a celebrated ritual for the world’s fourth-wealthiest woman. That is why I was humored to find the Princeton-educated novelist somewhat sheepishly returning to the web just 48 hours later—first in a tweet, then in a postscript—brandishing screenshots of passages that she wished she had not edited out of her initial essay. MacKenzie Scott, like the rest of us, had been Misunderstood on the Internet.
What ensued wasn’t just a concession, or a plan gone awry. It was a rare display—really, the most vivid since she blasted Brad Stone’s biography of her then-husband Jeff Bezos with an iconic one-star Amazon review in 2013—that Scott was human, and not just some uber-polished deity hovering over the nonprofit sector. In her effort to not be the story, she had declined to offer any new details about her $9 billion-and-counting in donations, which of course had become a micro-drama itself. It was a tension I could sympathize with. I know many philanthropists who wrestle with how to be transparent without grandstanding or sounding like a showboat. I don’t think there’s an easy answer.
But the incident crystallized a contradiction about Scott. She is America’s single largest philanthropist—the singular force behind what I believe to be the most fascinating, even radical experiment in philanthropy today—and yet she remains an enigma, transparent in some remarkable ways and yet totally opaque in others. Every few weeks for the last two years, I receive a message from some friend, source or passerby asking the same question: How do they get in front of her? Scott’s enterprise, after all, has no website, no publicly identified staff or philanthropic vehicle. There is no way to even say hello, except to futilely plead in the comments section of one of her Medium posts, which some people do...
FOUR STORIES WE'RE TALKING ABOUT According to a well-placed source, the dispute has been resolved with no money changing hands for this year’s untelevised show... MATTHEW BELLONI Notes on the Cruz-Carlson struggle session, the persistence of MTG, and the slow-motion fracturing of the Trump coalition. TINA NGUYEN The Puck team discusses how Viacom lost 'Yellowstone', the Smith & Smith Newco, Trump's media nightmare, and more '22 predictions. HAMBY, BELLONI, BYERS, AND NGUYEN Notes on the post-Covid panic in banking, Zoom M&A, the legacy of Bob Iger, and Silicon Valley's new digital gold rush. WILLIAM D. COHAN
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