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So they profit, take their money, then they are not-for-profit.

victorhooi 9y ago
You do realise this is a government body that runs public transport, right? Public transport which is notoriously bad at making profits, all around the world. Sorry, but this comes across as a bit of a silly conspiracy theory, by people who can't be bothered doing basic research.
- vmateixeira 9y ago
  End result != motivation Bad at making profit doesn't necessarly means you're not-for-profit. Also from the article: "What they told people at the time was we're going to use this data to improve services. But now thanks to [Sky News] investigative reporting, we find out that it's partly to improve the services, but also it's to exploit people's data for revenue, doing advertising."
  - superqwert 9y ago
    TfL IS not-for-profit. I.E. any profit it gets is reinvested in London's transport infrastructure. Sky News hasn't really done any investigative reporting here, the information is publicly available and most interested people knew about this project years ago.
- Fifer82 9y ago
  Is not-for-profit not superflous on a government body supplying 50% of it's income? Who pays for the 6 figure board salaries? Is that from the profit part, or me the tax payer? Just seems a bit stretched. never-gonna-profit
  - tobylane 9y ago
    For-profit also doesn't fit well in an organisation running a bus network that spends £1.5b a year more than it takes in.
  - Jonnax 9y ago
    https://tfl.gov.uk/corporate/about-tfl/how-we-work/corporate-governance/board-members https://tfl.gov.uk/corporate/about-tfl/how-we-work/corporate... "Remuneration of board members The basic fee is £16,000 per annum. Additional fees are paid for each appointment to a Committee or Panel, up to a maximum payment of £20,000 per annum" https://tfl.gov.uk/corporate/about-tfl/how-we-work/how-we-are-funded https://tfl.gov.uk/corporate/about-tfl/how-we-work/how-we-ar... 25% of their funding seems to come from Government grants. £2.6 billion. That should be covered easy by the tax revenue London generates. Especially so, since there's apparently a £26.5 billion tax surplus that goes out the capital to less well off regions: https://www.theguardian.com/business/2017/may/23/uk-budget-deficit-grows-to-more-than-10bn-as-people-spend-less https://www.theguardian.com/business/2017/may/23/uk-budget-d... So what are you complaining about exactly?

You do realise this is a government body that runs public transport, right? Public transport which is notoriously bad at making profits, all around the world. Sorry, but this comes across as a bit of a silly conspiracy theory, by people who can't be bothered doing basic research.

vmateixeira 9y ago
End result != motivation Bad at making profit doesn't necessarly means you're not-for-profit. Also from the article: "What they told people at the time was we're going to use this data to improve services. But now thanks to [Sky News] investigative reporting, we find out that it's partly to improve the services, but also it's to exploit people's data for revenue, doing advertising."
- superqwert 9y ago
  TfL IS not-for-profit. I.E. any profit it gets is reinvested in London's transport infrastructure. Sky News hasn't really done any investigative reporting here, the information is publicly available and most interested people knew about this project years ago.
Fifer82 9y ago
Is not-for-profit not superflous on a government body supplying 50% of it's income? Who pays for the 6 figure board salaries? Is that from the profit part, or me the tax payer? Just seems a bit stretched. never-gonna-profit
- tobylane 9y ago
  For-profit also doesn't fit well in an organisation running a bus network that spends £1.5b a year more than it takes in.
- Jonnax 9y ago
  https://tfl.gov.uk/corporate/about-tfl/how-we-work/corporate-governance/board-members https://tfl.gov.uk/corporate/about-tfl/how-we-work/corporate... "Remuneration of board members The basic fee is £16,000 per annum. Additional fees are paid for each appointment to a Committee or Panel, up to a maximum payment of £20,000 per annum" https://tfl.gov.uk/corporate/about-tfl/how-we-work/how-we-are-funded https://tfl.gov.uk/corporate/about-tfl/how-we-work/how-we-ar... 25% of their funding seems to come from Government grants. £2.6 billion. That should be covered easy by the tax revenue London generates. Especially so, since there's apparently a £26.5 billion tax surplus that goes out the capital to less well off regions: https://www.theguardian.com/business/2017/may/23/uk-budget-deficit-grows-to-more-than-10bn-as-people-spend-less https://www.theguardian.com/business/2017/may/23/uk-budget-d... So what are you complaining about exactly?