Word: nonprofits
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Dates: during 2000-2009
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...option University of Pennsylvania Law School graduate Susan Wilker took when her job at Boston law firm Ropes and Gray deferred until at least January. Wilker will have her health benefits paid and receive $60,000 for working at Massachusetts Appleseed Center for Law and Justice, a nonprofit that focuses on education discipline and juvenile justice. "Because I know I can go back to Ropes in 2010, I am really excited to do something entirely different," Wilker says. And as one of only three staffers at the nonprofit, she adds, "I know I can make an impact...
...such clientele, such as the Legal Aid Society, now have their pick of top law school graduates - most of whom will arrive with a paid salary and health benefits attached. But the public-interest groups still have to finance the infrastructure required for an extra person on staff. Many nonprofits have seen their own revenues fall in recent months and undertaken layoffs themselves. Just finding the money for another computer can be hard, says Esther Lardent, president of the Washington-based nonprofit Pro Bono Institute, never mind the cost of training and supervising of a brand-new lawyer. "Morale...
...individual lives rather than mere statistics have a place in this debate. That those individuals may be recent immigrants with limited education makes it more urgent. A publicly traded company has a fiduciary duty to its shareholders—by law, it must care only about their good; a nonprofit organization has made a commitment to be run for the general social good. As such, the meaning of this goal is a matter for public, not private, debate, and having a valuable opinion on it does not, as was implied in a recent editorial, require full access to Harvard?...
...Proposals for a nonprofit organization to trim its workforce in light of a recession are rightly controversial, even from economic point of view. In the Keynesian model, a recession can lead to a vicious circle of self-perpetuating cutbacks unless the government steps in to buttress demand. Under this logic, any actor claiming to act in the public interest (including but not limited to the government) ought to buy more goods (and labor) in a recession than a for-profit corporation under comparable constraints in order to maintain employment and demand levels...
...intelligence of our community, a great deal of money could be saved without cutting jobs. Harvard’s endowment is massive—no matter how much money we’ve lost in the current crisis. And we continue to enjoy the financial perks of being a nonprofit, which means that we do not pay taxes on the endowment money that we have amassed over the years...