Roche Heir Declares Philanthropy Dead

A scion of Switzerland’s $22 billion drug-making family says philanthropy is dead. The wealthy donating money into charitable activity is senseless as a long-term strategy, according to André Hoffmann, whose family’s stake in Roche is valued at 20 billion Swiss francs ($21.65 billion). «Traditional philanthropy has failed,» Hoffmann told «NZZ…