It’s been a tough few years for Pierre and Pam Omidyar’s “philanthropic investment firm,” Omidyar Network.
Back in February, here on Pando, Mark Ames listed just a few of the controversies in which the organization has found itself embroiled…
In India, the head of Omidyar Network’s operation, Jayant Sinha, concurrently worked for the far-right BJP Party leader Narendra Modi helping him take power in 2014, after which Modi appointed the Omidyar Network partner as his junior finance minister.
Pierre Omidyar is a free-market libertarian who told Nobel Prize winner Mohammed Younus he refused to donate to the poor unless he could personally profit off of it. A few years later, hundreds of poor rural Indians committed suicide to avoid debt collectors working for one of Omidyar’s for-profit microfinance lenders.
And all of that was before Omidyar Networks became tied up with First Look Media, publisher of The Intercept, the national security blog which started out as a home for Snowden’s secrets but which quickly devolved into a total clusterfuck. (Just yesterday Omidyar’s former business partner, John Temple, became the latest senior staffer to quit the company.)
But now Omidyar has decided that enough is enough. He is going to change the way he does business!