Which is why “Not for profit” organisations are such a good thing. They are harder to get going but because they are not investment vehicles in the same way you don’t have CEOs installed just to maximise share value. Decisions are focused on what the company needs to perform its mission.
The American Healthcare system fully disagrees with your statement, as they actively exploit non-profit status to avoid taxes and squeeze any “profits” into bonuses for the people at the top. They aren’t even the only industry doing this, but it all boils down to a piss poor lack of regulation and enforcement that really lets companies exploit non-profit structures.
Certainly things can be open to abuse, and different regulatory systems have different loop holes. However I have seen examples where it’s been a good thing.
What goes up must come down… watch in the tech bro future we will be bailing out social media companies just like the airlines. Always making a good thing bad.
That’s all the talk so far? It feels like a bad sign to me when power starts moving from the true believers to the VCs.
Which is why “Not for profit” organisations are such a good thing. They are harder to get going but because they are not investment vehicles in the same way you don’t have CEOs installed just to maximise share value. Decisions are focused on what the company needs to perform its mission.
The American Healthcare system fully disagrees with your statement, as they actively exploit non-profit status to avoid taxes and squeeze any “profits” into bonuses for the people at the top. They aren’t even the only industry doing this, but it all boils down to a piss poor lack of regulation and enforcement that really lets companies exploit non-profit structures.
USAmerica is just corrupt country that non-profit is just a way to avoid taxes.
Most of parts of the world won’t let non-profit to be turned that way.
Certainly things can be open to abuse, and different regulatory systems have different loop holes. However I have seen examples where it’s been a good thing.
What goes up must come down… watch in the tech bro future we will be bailing out social media companies just like the airlines. Always making a good thing bad.
They may fail but we better not be bailing them out!