Word: for-profit
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...including Bill Gates, the former CEO of Ebay, and the former Chairman of the Securities and Exchange Commission—gathered at the Global Business Summit in the midst of the current financial crisis to discuss the evolving role of the leader in the non-profit, government, and for-profit sectors...
...instead UPMC healed itself, devising a new health-care model that is more entrepreneurial: it is 60% health-care provider and research institution, 30% for-profit company that operates a health-care insurance subsidiary, and 10% commercial-services exporter running emergency rooms in the Middle East and transplant and cancer programs in Europe. It looks to companies such as Siemens and General Electric as role models, since both do basic research but have to develop profitable products. UPMC has formed a joint partnership with GE, called Omnyx, to develop an information-technology-based digital pathology business. Each company is investing...
...found his calling when he was selected in 1991 to be the chief executive of Outward Bound USA.“It truly was a phenomenal experience, and during my time at Outward Bound, I learned how to apply many of the skills that I learned in the for-profit world towards the nonprofit world,” Grossman said.“Building a good organization helps nonprofits in the task of assisting their clients in a better way,” Grossman said, “and working at Outward Bound unleashed in me a desire to make...
...Washington Low Marks for Nursing Homes More than 90% of nursing homes have been deficient in meeting one or more federal requirements, and the worst offenders were for-profit facilities, according to a new report by the Department of Health and Human Services. The report, which spanned 2005 to 2007 and covered some 15,000 homes, said about a quarter provided a "substandard quality of care." In Alaska, Wyoming, Idaho and Washington, D.C., 100% of homes had deficiencies. The lowest rate was in Rhode Island...
...grim news: 137 lenders have stopped funding federal student loans and 33 have dropped private programs, according to FinAid.org publisher Mark Kantrowitz. Students at community, technical and for-profit schools have been the hardest hit. Federal Stafford loans were up in the second quarter compared with 2007, but loans made to parents through the PLUS program, which looks at credit history, plummeted--down 29% in dollar volume. Since May, the Education Department has spent some $5 billion buying loans in an effort to reignite private lending...