Re:OpenAI staff threaten to quit unless board resigns
by vel0city on Monday November 20, 2023 @12:35PM
(#38351202)
So from the context of a non-profit, profit (as in revenue - expenses) is money to be used for future expenses.
So yeah, Mayo Cinic makes a $2B profit. That is not money going to shareholders though, that's funds for a future building or increasing salaries or expanding research or something, it supposedly has to be used for the mission. What is the outrage of these orgs making this kind of profit?
Re:OpenAI staff threaten to quit unless board resigns
by s1artibartfast on Monday November 20, 2023 @04:03PM
(#38354734)
The word supposedly is doing a lot of heavy lifting in your statement. When it's endowments keep growing over decades and sometimes centuries without being spent for the mission, people naturally ask why the nonprofit keep raising prices for their intended beneficiaries
Profit is money that ends up in the bank to be used later. Compensation is what gets spent on yachts. Anything spent on hospital supplies is an expense. This stuff matters.