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SolitaryMarmot t1_jdiv89o wrote

Reply to comment by daking213 in NYC: Success Academy Buys New Properties While Planning to Charge Rent to NYC Public Schools by barweis

LOLOLOLOLOL are you serious?

New York State hospitals by law are non profits. NY Presbyterian has a $6 billion endowment.

Non profit doesn't mean "can't earn profit" it means it doesn't have shareholders. The company itself can hold as much as it wants.

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daking213 t1_jdiwngr wrote

What? If there are no shareholders then nobody gets to keep the profits. Eventually it has to be reinvested, why would a company “hold it” and do absolutely nothing with it?

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SolitaryMarmot t1_jdjg1zb wrote

there are tons of ways to extract value from a company that aren't via equity. the regulations for non profits are almost non-existent. some states have their own related to excessive compensation. But generally its a free for all.

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