Facebook CEO Mark Zuckerberg will announce he is gifting $100 million to the Newark New Jersey school system.
The donation is set to be publicly announced on the Oprah Winfrey Showduring an appearance with New Jersey Governor Chris Christie and NewarkMayor Cory A. Booker.
There are some critics that claim this is a publicity stunt--as the announcement is timed on the same day that a movie about Zuckerberg and Facebook comes out that casts the Founder, and company, in a negative light. CNET reporter Caroline McCarthy says that in the film,"Zuckerberg himself really is the devil--or, to delve more into theIntro to Mythology class you might recall from college, more the'trickster god' than the devil, a Hermes or Loki with little regard forthe status quo, as preoccupied with unmaking as with creating."
Is Zuckerberg trying to buy donate his was to an image makeover?
Some reports claim Zuckerberg is worth an estimated $6.9 billion based on hisone-third ownership stake in the $23 billion Facebook.
Newark's school system has long been one of the most troubled in the nation. In 1995, the state seized controls of Newark's schools after declaring them a failure. Christie is expected to to give back some of that control to Booker, or at least give him a bigger role in the reviving the school system, according to press reports.
The gift has the potential to be matched by another $100 million that Mayor Booker is raising from private foundations, with both gifts accounting for about 20% on the school system's budget.