Word: for-profit
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...services to the sick and dying, from Gilead Sciences, a biotechnology outfit, to Quest Diagnostics, which administers blood and other laboratory tests, to Ventas, a real estate investment trust that manages hospitals and nursing homes. Another secular trend: more Americans seeking out higher education. Among the beneficiaries are for-profit institutions such as Apollo Group, ITT Educational Services and Strayer Education...
...Citi's business lines across Europe, the Middle East and Africa, and Citi stresses he is "one of its highest ranking executives globally"). Mohammed al-Shroogi, who headed Citi's United Arab Emirates operations, left in September. In late November, Dubai World, which is a for-profit development company controlled by the ruling family of the gulf state, indicated that it may have to default on a portion of its $60 billion in loans. The rush to Dubai has left Citi on the hook for billions of dollars of losses in the financially troubled gulf state. According to research firm...
...founder of INeedAPencil.com, the winner of the McKinley Family Grant in Social Enterprise in the most recent I3 Harvard College Innovation Challenge. Shah has been working on INeedAPencil.com, which offers high school students free SAT online prep courses, since his senior year of high school. For Shah, his for-profit is something he intends to take on full-time after graduation. Shah doesn’t consider social enterprise as a new trend but something that’s always been around without the label...
...school or institution of equal quality.” But founders Chris L. McConnell ’08 and Jae R. Gardner ’07 were determined to assist students lacking financial and academic resources when they created the company in January of 2009. The company has a for-profit private tutoring program that funds their philanthropic endeavor, Climbing Ivy, dedicated to serving low-income students. With a commitment to education, community and social entrepreneurship, the Harvard graduates formed their business despite skepticism about offering anything for free during a recession. “With the economic downturn, what...
...Wigand, the tobacco-industry whistle-blower made famous in the movie The Insider, Potter doesn't have a smoking gun or secret documents to unveil. He signed a confidentiality agreement before leaving Cigna and intends to honor it. "I have no intention of disclosing any proprietary information," he says. For-profit health-insurance-industry practices Potter talks about, like rescission - dropping expensive-to-cover policyholders on grounds that they failed to disclose pre-existing health conditions - are not secrets. This is, in fact, how private health insurers make profits. In Potter's view, these practices just need more exposure, which...