Not-for-profit is still a corporation, and the distinction simply means that they need to reinvest profits back into the company. A for-profit company can sit on massive amounts of stockpiled wealth, while a not-for-profit needs to find ways to reinvest that back into the company. To be clear, they can still sit on a lot of money. But all of their money needs to be earmarked for something, instead of just being a rainy day fund.
Wikimedia is a not for profit foundation. Not a corporation.
Well if not because greed or shitty people in management, why oppose unionization?
Greed or shitty people in management doesn’t make something a corporation. There’s plenty of anti-union efforts from the non-profit sector.
This does not imply it is workers’ owned or that it does not have ridiculously high payed managers.
Being a non-profit doesn’t make the org structure immune to greed.
I mean, Trump and kids had a non-profit.
See: Susan G Coleman
Not-for-profit is still a corporation, and the distinction simply means that they need to reinvest profits back into the company. A for-profit company can sit on massive amounts of stockpiled wealth, while a not-for-profit needs to find ways to reinvest that back into the company. To be clear, they can still sit on a lot of money. But all of their money needs to be earmarked for something, instead of just being a rainy day fund.
Open Ai at one point was one too…
Oh dude go look up it’s business filings. Foundations are corporations