News for hackers. Stuff that matters.

A comment on Some Colleges Will Soon Charge $100k a Year. How Did This Happen?. Parent comment

Re:Some Colleges Will Soon Charge $100k a Year. How Did This... by umanwizard on Friday April 05, 2024 @08:49PM (#39949001)
But that’s the point: Harvard literally isn’t a “business enterprise under capitalism”. It’s a non-profit organization with no shareholders. Nobody has equity in Harvard.
[ Parent | on HN ]
Re:Some Colleges Will Soon Charge $100k a Year. How Did This... by readyman on Saturday April 06, 2024 @07:48PM (#39956764)
>Harvard literally isn't a “business enterprise under capitalism”

It literally is. "Non-profit" is a particular way of doing accounting, categorizing funds, filing taxes, but the incentives and interests are no different.

[ Parent | on HN ]
Re:Some Colleges Will Soon Charge $100k a Year. How Did This... by umanwizard on Sunday April 07, 2024 @03:17PM (#39963024)
The incentives and interests are hugely different. A for-profit business is controlled by shareholders who directly own claims to its revenue. A non-profit is not. Harvard has no shareholders and the members of its primary governing board are not compensated.
[ Parent | on HN ]