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Re:Is the Better Business Bureau a protection racket? by notahacker on Wednesday December 08, 2010 @12:24PM (#1983717)
I'd say they were similar to the credit ratings agencies* in the obvious conflict of interest in taking payments from the entities whose creditworthiness they "objectively" rate, except a little more willing to give A+ ratings to entities that don't even exist and rebill scammers. They're a non-profit, so there's probably nobody raking in particularly large sums of cash from their shady or sloppy ratings, but it would be daft to rely on them.

*who, if there was any justice in the world, would have become the first casualties of the credit crunch, along with their business model

Re:Is the Better Business Bureau a protection racket? by philwelch on Wednesday December 08, 2010 @12:38PM (#1983772)
They're a non-profit, so there's probably nobody raking in particularly large sums of cash from their shady or sloppy ratings, but it would be daft to rely on them.

Unfortunately, "non-profit" doesn't really rule out financial corruption. And financial corruption isn't necessary for organizations to act this way--the natural tendency of any organization or institution to perpetuate its own existence is probably enough.

Re:Is the Better Business Bureau a protection racket? by cdr on Wednesday December 08, 2010 @02:38PM (#1984297)
The BBB is a hugely profitable enterprise with a huge payroll. I'm not sure they're even classified as a non-profit.

The executives of the BBB make hundreds of thousands a year, according to 20/20: http://www.youtube.com/watch?v=Yo8kfV9kONw