wewbull comments on Bluesky CEO Jay Graber Is Stepping Down

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[–] wewbull@feddit.uk 41 points 6 months ago (3 children)

Which is why "Not for profit" organisations are such a good thing. They are harder to get going but because they are not investment vehicles in the same way you don't have CEOs installed just to maximise share value. Decisions are focused on what the company needs to perform its mission.

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[–] ChaosSpectre@lemmy.zip 17 points 6 months ago (2 children)

The American Healthcare system fully disagrees with your statement, as they actively exploit non-profit status to avoid taxes and squeeze any "profits" into bonuses for the people at the top. They aren't even the only industry doing this, but it all boils down to a piss poor lack of regulation and enforcement that really lets companies exploit non-profit structures.

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[–] wewbull@feddit.uk 7 points 6 months ago

Certainly things can be open to abuse, and different regulatory systems have different loop holes. However I have seen examples where it's been a good thing.

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[–] nasi_goreng@lemmy.zip 1 point 6 months ago

USAmerica is just corrupt country that non-profit is just a way to avoid taxes.

Most of parts of the world won't let non-profit to be turned that way.

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