Accessibility helpSkip to navigationSkip to contentSkip to footer

Cookies on FT Sites

We use cookies for a number of reasons, such as keeping FT Sites reliable and secure, personalising content and ads, providing social media features and to analyse how our Sites are used.
Manage cookies
Accept & continue
  • Sign In
  • Subscribe
Open drawer menuOpen search bar
Financial Times
myFT
  • Home
  • World
    Sections
    • World Home
    • Global Economy
    • UK
    • US
    • China
    • Africa
    • Asia Pacific
    • Emerging Markets
    • Europe
    • Americas
    • Middle East and North Africa
    Most Read
    • ‘We see people getting ill around us’: the foreigners trapped in Wuhan
    • How dangerous is new coronavirus and other questions answered
    • Labour party report excuses Corbyn for election defeat
    • Donald Trump pleases Israel with long-awaited Middle East peace plan
    • China’s Xi Jinping pledges to overcome ‘devil’ coronavirus
  • US
    Sections
    • US Home
    • US Economy
    • US Politics & Policy
    • US Companies
    Most Read
    • Apple books record profit on strong iPhone sales
    • Donald Trump pleases Israel with long-awaited Middle East peace plan
    • Harvard’s chemistry chair accused of lying about work for China
    • What if the economists are all wrong on productivity?
    • US scotches idea of Wilbur Ross trip to China as virus hits
  • Companies
    Sections
    • Companies Home
    • Energy
    • Financials
    • Health
    • Industrials
    • Media
    • Professional Services
    • Retail & Consumer
    • Tech Sector
    • Telecoms
    • Transport
    Most Read
    • Nissan’s ‘invisible’ chief executive accused of failing to lead
    • Alison of RBS will say it with prickly roses on Valentine’s Day
    • How rugby club Saracens taught executive skills — but hid the cheating
    • Starbucks closes half of China stores as virus hits
    • Why it makes sense for the banks to have 40% overdraft rates
  • Tech
  • Markets
    Sections
    • Markets Home
    • fastFT
    • Alphaville
    • Markets Data
    • Capital Markets
    • Commodities
    • Currencies
    • Equities
    • Fund Management
    • Trading
    • Moral Money
    Most Read
    • Hong Kong stocks fall on coronavirus fears as foreigners leave Wuhan
    • Why it makes sense for the banks to have 40% overdraft rates
    • US stocks rebound day after coronavirus fears hit markets
    • Further reading
    • ‘Flash crash’ trader avoids further jail time
  • Graphics
  • Opinion
    Sections
    • Opinion Home
    • Columnists
    • The FT View
    • The Big Read
    • Instant Insight
    • Lex
    • Alphaville
    • Obituaries
    • Letters
    Most Read
    • Britain after Brexit will not be alone, but it will be lonelier
    • Containing the spread of the coronavirus is a forlorn hope
    • What if the economists are all wrong on productivity?
    • Alison of RBS will say it with prickly roses on Valentine’s Day
    • Boeing’s travails run deeper than a few bad apples
  • Work & Careers
    Sections
    • Work & Careers Home
    • Business School Rankings
    • Business Education
    • Entrepreneurship
    • Recruitment
    • Business Books
    • Business Travel
    Most Read
    • What an MBA did for me
    • When a rude boss keeps you waiting, why not walk out?
    • Business schools target the talented but less wealthy
    • Can I justify flying business class to avoid jet lag?
    • How to design AI that eliminates disability bias
  • Life & Arts
    Sections
    • Life & Arts Home
    • Arts
    • Books
    • Food & Drink
    • FT Magazine
    • House & Home
    • Style
    • Travel
    • FT Globetrotter
    Most Read
    • Woodford payouts: the key facts for investors
    • Can my parents cut my brother out of their wills?
    • How food-delivery apps could change the way we eat out
    • Louis de Bernières: why I believe in Brexit
    • The ideal time not to buy an electric car
  • How to Spend It
  • Sign In
  • Subscribe
MenuSearch
  • Home
  • World
  • US
  • Companies
  • Tech
  • Markets
  • Graphics
  • Opinion
  • Work & Careers
  • Life & Arts
  • How to Spend It
Financial Times
  • Sign In
  • Subscribe

Make the most of 2020. Read the FT in print for just $99.

Learn more

Phil Buchanan

Add to myFT Digest

Add this topic to your myFT Digest for news straight to your inbox

  • Monday, 15 April, 2019
    Philanthropy
    Philanthropy’s blighted reputation threatens giving

    Donations are increasingly caricatured as self-protective ruses for the wealthy

  • Promoted Content
Previous You are on page 1 Next

Useful links

Support

View Site TipsHelp CentreAbout UsAccessibilitymyFT TourCareers

Legal & Privacy

Terms & ConditionsPrivacyCookiesCopyrightSlavery Statement & Policies

Services

FT LiveShare News Tips SecurelyIndividual SubscriptionsGroup SubscriptionsRepublishingContracts & Tenders
Executive Job SearchAdvertise with the FTFollow the FT on TwitterFT TransactSecondary Schools

Tools

PortfolioToday's Newspaper (ePaper)Alerts HubMBA Rankings
Enterprise ToolsNews feedNewslettersCurrency Converter
More from the FT Group
Markets data delayed by at least 15 minutes. © THE FINANCIAL TIMES LTD 2020. FT and ‘Financial Times’ are trademarks of The Financial Times Ltd.
The Financial Times and its journalism are subject to a self-regulation regime under the FT Editorial Code of Practice.
Financial Times

International Edition

  • Switch to UK Edition
  • Top sections
  • Home
  • World
    • Global Economy
    • UK
    • US
    • China
    • Africa
    • Asia Pacific
    • Emerging Markets
    • Europe
    • Americas
    • Middle East and North Africa
  • US
    • US Economy
    • US Politics & Policy
    • US Companies
  • Companies
    • Energy
    • Financials
    • Health
    • Industrials
    • Media
    • Professional Services
    • Retail & Consumer
    • Tech Sector
    • Telecoms
    • Transport
  • Tech
  • Markets
    • fastFT
    • Alphaville
    • Markets Data
    • Capital Markets
    • Commodities
    • Currencies
    • Equities
    • Fund Management
    • Trading
    • Moral Money
  • Graphics
  • Opinion
    • Columnists
    • The FT View
    • The Big Read
    • Instant Insight
    • Lex
    • Alphaville
    • Obituaries
    • Letters
  • Work & Careers
    • Business School Rankings
    • Business Education
    • Entrepreneurship
    • Recruitment
    • Business Books
    • Business Travel
  • Life & Arts
    • Arts
    • Books
    • Food & Drink
    • FT Magazine
    • House & Home
    • Style
    • Travel
    • FT Globetrotter
  • Personal Finance
    • Property & Mortgages
    • Investments
    • Pensions
    • Tax
    • Banking & Savings
    • Advice & Comment
    • Next Act
  • How to Spend It
  • Special Reports
  • FT recommends
  • Lex
  • Alphaville
  • EM Squared
  • Lunch with the FT
  • FT Globetrotter
  • Tech Scroll Asia
  • Moral Money
  • FTfm
  • Newsletters
  • Video
  • Podcasts
  • News feed
  • myFT
  • Portfolio
  • Today's Newspaper (ePaper)
  • Crossword
  • Our Apps
  • Help Centre
  • Subscribe
  • Sign In