Melinda French Gates, philanthropist and wife of Microsoft Corp. Chairman Bill Gates, has resigned from The Washington Post Co.’s board of directors.
Her resignation comes shortly after the release of a highly critical report, funded partly by her foundation, which likened for-profit colleges to subprime-mortgage lenders, targeting low-income and traditionally underrepresented students. The Washington Post Co. gets more than half of its revenues from its for-profit higher-education unit, Kaplan.
Neither Gates nor The Washington Post gave a reason for her departure.
