[echoless]

Simply donating money isn't the most effective way to change the world. Who knows how the charities spend the money?

In an ideal situation, the CEOs themselves would run the charity, like Bill Gates. Of course that is not possible in a majority of the cases.

[sbilstein]

In an ideal situation the CEOs would not use complex tax structures to hoard wealth and instead pay taxes to fund social services. Perhaps they would even use some of the billions lying around to help reform government to work better for people.

[vayarajesh]

True donating money is not the most effective way, but it is still better than not doing anything at all. The CEOs of companies like Apple are so busy to build wonderful products that they are forcefully not able to spend that much effort with charities.

If all the CEOs could donate to for example Bill Gates foundation and Bill Gates lead the foundation in deciding where to focus the huge amount money, i think that would go a long way