3 ms·
This is a good start. Just my opinion, but I think Harvard should be considered a for-profit company unless all students go free.
by inthewoods 12y ago
This is a good start. Just my opinion, but I think Harvard should be considered a for-profit company unless all students go free.
- fastball 12y agoIf all students were free they would be cashflow negative which is worse than non-profit?
- inthewoods 12y agoThat assumes no other source of revenue - the endowment generates about $5b a year.
- jtfairbank 12y agoThat's not the definition of non-profit. Non-profit companies charge for products all the time, the only requirement is that they reinvest any profits back into their mission instead of distributing it to shareholders. That's why you get non-profits with million dollar CEO salaries- its they only way to funnel money out.
- bdcravens 12y agoI'm sure zero revenue would result in excellent education.
- inthewoods 12y agoWho said they have zero revenue? The Harvard endowment is about $36b - generating about $5b in revenue for the University.