Word: for-profit
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Whittle Communications, a publishing company that planned a chain of for-profit schools, employed Alexander as a consultant in 1987, between his term as Governor and his appointment as president of the University of Tennessee. In return, the Alexanders were given the right to purchase $10,000 in stock, which they did. Company founder Chris Whittle, however, did not cash the Alexanders' check until October 1988, after Whittle agreed to sell part of his company to Time Inc., which pushed the stock price up sharply. Two months later, Whittle bought back the Alexanders' stock...
Though addiction specialists concede that some scamming went on in the for-profit recovery business, they nevertheless caution that for some patients, one month in a placid, nurturing environment, away from all the temptations of their old routine, is the best medicine. Dr. Frederic Schiffer, who recalls treating cocaine addicts at McLean, says he saw his patients four times a week for four weeks. "They needed the time to be held in a kind environment," he claims. "The grounds were very therapeutic. We would walk the grounds and talk...
...Hasan offered to acquire Health Net, but Greaves wasn't interested. He was about to convert Health Net into a for-profit company, a process that under California law required Health Net to establish an independent, nonprofit foundation and fund it with an amount equal to the company's fair market value--a way of paying back the state for all the taxes the company had avoided as a nonprofit. Conversion would pave the way for going public. In a tactical maneuver, Dr. Hasan filed a lawsuit to block the conversion, charging that Greaves had undervalued the company...
Coming Feb. 1, if you order toll free now: O.J.'s own, never-heard-or-seen-before, for-profit, and unsworn, video explanation of his side of the sensational murder trial. A boycott of the $29.95 tape is already under way, and even O.J.'s interviewer admits some of the celebrity's explanations "may not fit very well...
THIS IS THE AGE OF PRIVATIZATION. All across America, communities are hiring for-profit firms to perform the tasks that have traditionally fallen to government--educating children, running prisons, even building and maintaining highways. There is one job, though, that seems to be an unlikely candidate for outsourcing: executing the foreign policy of the U.S. If that is not the business of the Federal Government, what is? In Bosnia, however, the U.S. has a problem: there is one particular aspect of its mission that is crucial but that it is loath to carry out. So the very 1990s solution...