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.
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.
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.
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.