Word: nonprofitability
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...decade's end the unwanted distinction of being the nation's poorest large minority group will pass from blacks to Hispanics. So says a study by Washington's nonprofit Center on Budget and Policy Priorities, which adds that while Hispanic households still earn more than black households, larger family size means Hispanic individuals are poorer...
Corporate Raider T. Boone Pickens of Texas has long argued that his takeover forays are in the best interest of small shareholders. Now Pickens has a lobbying organization to help him defend that proposition. Last week in Washington, the wily acquisitor unveiled the nonprofit United Shareholders Association. The group's first goal: a "one share, one vote" rule that would hinder corporate managers from foiling takeover proposals that come up for stockholder votes. At many firms, management-controlled ballots carry more weight than an equal number of votes controlled by those of small stockholders. Said Pickens: "Shareholders are treated like...
...Though his broad smile and raw physical presence recall his father's energy and charisma, Joe Kennedy's politics are not quite Robert Kennedy's. After completing an academic career that included stints at three colleges (he finally graduated from the University of Massachusetts at Boston), Kennedy founded a nonprofit corporation called Citizens Energy Corp., which provides inexpensive heating fuel and prescription drugs to low-income families. Citing his company's solid success in almost every speech, Kennedy mixes '60s liberalism with '80s pragmatism. His message is one of populist entrepreneurship, but Bachrach told the New York Times that Kennedy...
...year -- the U.S. had once again forged ahead of Japan to become the world's business leader. But it was too good to last. Last week Japan regained the top spot in a ranking of the most competitive industrial countries compiled annually by the European Management Forum, a nonprofit foundation based in Geneva. The EMF rankings are based on a survey of 5,000 corporate officials and economists, who make assessments using such guideposts as economic dynamism, political stability and the degree of state interference...
Think tanks are privately funded, nonprofit, tax-exempt foundations dedicated to public-policy research. Traditional ones may be slightly to the right or to the left of center, but they have made a show of evenhandedness in presenting their research. In the depths of their Washington buildings, ideas simmered until they percolated into books and monographs that laid the foundation for legislation. "These groups," says James A. Smith, a historian at the Twentieth Century Fund in Manhattan who is writing a book on public-policy organizations, "were inspired by the belief that people of divergent political viewpoints and interests could...