3 ms·
Nonprofit means there aren't investors being paid a dividend, you can still have a cluster of management parasites getting paid $1M/yr.
by alrs 8y ago
Nonprofit means there aren't investors being paid a dividend, you can still have a cluster of management parasites getting paid $1M/yr.
- AnaniasAnanas 8y agoThe same thing applies even to Mozilla https://news.ycombinator.com/item?id=10101637 https://news.ycombinator.com/item?id=10101637. Wikipedia is significantly better but still not perfect https://foundation.wikimedia.org/w/index.php?page=49&title=File:Wikimedia_Foundation_2015_Form_990.pdf https://foundation.wikimedia.org/w/index.php?page=49&title=F.... I honestly believe any company as well as everyone responsible for abusing the term "non-profit" in order to make money for their personal gain should be punished accordingly and be treated as scammers.
- oarabbus_ 8y agoMost egregious might be the National Football League. Oh, and (mega)churches.
- intuitionist 8y agoThe NFL is no longer incorporated as a non-profit.
- oarabbus_ 8y agoThank god. Now we just need to not exempt the megachurches.