Word: profit
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Dates: during 1990-1999
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...fact, Frist and the rest of the board had begun to fear for the survival of Columbia (1996 revenues: $19.9 billion), which has long been a lightning rod for critics of for-profit hospitals. Directors were worried that Scott's stonewalling of federal probes of Columbia's Medicare billings and home-health-care practices would only inflame the zeal of investigators and prosecutors and make a face-saving settlement impossible. And Columbia, which is based in Nashville, Tenn., was reportedly exploring a merger with Tenet Healthcare of Santa Barbara, Calif., the country's second largest hospital company. That deal would...
Scott's refusal to consider--much less negotiate--a possible settlement was in keeping with his pugnacious stance on health-care administration. As head of Columbia, Scott demanded that acquired hospitals hit relentlessly ambitious profit targets year after year, raising concerns in some quarters about the quality of the medical care that patients were receiving...
...given year, the Latter-day Saints employ vast amounts of money in investments that TIME estimates to be at least $6 billion strong. Even more unusual, most of this money is not in bonds or stock in other peoples' companies but is invested directly in church-owned, for-profit concerns, the largest of which are in agribusiness, media, insurance, travel and real estate. Deseret Management Corp., the company through which the church holds almost all its commercial assets, is one of the largest owners of farm- and ranchland in the country, including 49 for-profit parcels in addition...
Both parties claim to accept money from such subsidiaries only if it comes from profits earned in the U.S. Yet the $50,000 donation and the $45,000 in checks given a year later came from Lippo subsidiaries that had been running in the red. Their leader, Huang, was looking for political profit. His note to chief of staff Jack Quinn thanked him for receiving Huang and Chinese official Shen Jueren at the White House, and for delivering the Vice President three days later to a Los Angeles event. Democratic sources tell TIME that on Sept. 27, 1993, Gore dropped...
...dancer in Le Beau Danube. As a teacher at the School of American Ballet, she inspired generations of dancers. "I sacrificed marriage, children and country to be a ballerina," she wrote, "and there was never any misunderstanding on my part: I knew the price." Her audiences knew only the profit...