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You also forgot one thing - non-profits also do not have the contractual obligation to have profits or growth, like public companies do. Big difference. Of cou
by bad_user 13y ago
You also forgot one thing - non-profits also do not have the contractual obligation to have profits or growth, like public companies do. Big difference.
Of course, non-profits are not created equal. There's IKEA and then there's Mozilla or EFF.
- amirmc 13y agoAh, yes of course. That would actually be the biggest difference (and I completely forgot it). In my example, there are no shareholders so the obligation to maximise value for them doesn't exist. The IKEA example is interesting as I think the aim of the convoluted legal structures (inc a non-profit somewhere) was to allow one person to have almost total control over the company. Edit: For anyone interested in the IKEA web of companies, you read the following article: http://www.economist.com/node/6919139?story_id=6919139 http://www.economist.com/node/6919139?story_id=6919139