Non-profit, non-schmofit. Non-profits act just like any for-profit. They have "excess income" rather than profit. And they distribute this profit to officers and the company in the form of mega-high salaries, perks, kick-back contracts to Board members, conflict-of-interest contracts with Board members, etc. -- rather than to shareholders.
Almost every study of non-profits shows that they are as inefficient and corrupt as for-profits.
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timeasmymeasure
no subject
Date: 2005-12-29 02:55 pm (UTC)Almost every study of non-profits shows that they are as inefficient and corrupt as for-profits.