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Date: August 5, 1998 12:50 pm
Contact: Ralph Nader
202-387-8030

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Ralph Nader Response to Letter from Bill Gates
WASHINGTON - August 5 - Following is a statement by Ralph Nader today in response to an Aug. 4 letter from Bill Gates:

Mr. Gates kindly recounted his present and future philanthropic initiatives. My letter was not addressed to his philanthropy. It requested that he and Warren Buffett convene a conference of billionaires on the structural issues of wealth inequality in our
country in order to explore, without any pre-judgment, the best experience and ideas for addressing this problem.

Ted Turner, who has long held ideas on the leadership responsibility of billionaires, and Sol Price, founder of the Price Clubs and a thinker about these subjects, have told me that this is a meritorious request.

I hope Mr. Gates will focus on the specific invitation to convene this conference.

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Ralph Nader wrote a letter to Mr. Gates on July 27, 1998, asking him and Warren Buffett to convene this conference.

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