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People forget that private universities are for profit businesses.
by amir734jj 3y ago
People forget that private universities are for profit businesses.
- 93po 3y agowhile technically non-profits, they are absolutely profit focused, as are the people in control of them
- orangesite 3y agoPeople also forget how recent that shift was and just how brittle the reasoning behind it is.
- rsynnott 3y agoSo, coming from a country where universities are either non-profit or owned by the state… how does this work? Like, surely Harvard isn’t paying anyone dividends? It’s not actually a literal for-profit entity, is it?
- terminous 3y agoBasically the only thing a US nonprofit can't do is give dividends to investors. The nonprofit has to funnel any unspent profit to itself as an endowment, but can also have obscenely high salaries for administrative staff.