Word: profit
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...Arsenal recently admitted that the annual interest payment on its new stadium is $48 million - meaning the club's competitiveness may hinge on coach Arsene Wenger's genius for buying unproven but talented youngsters and turning them into world-class players who can be sold for a huge profit after a few years' service...
...billion ($3 billion owed by Chelsea and Manchester United alone). Figures for the 2006-2007 season put the league's annual wage bill at about $3 billion and its total revenues a little over $3.8 billion, with only eight of the Premiership's 20 clubs reporting an operating profit. Revenues have increased, thanks to a new TV deal, but so too have wages. If the global economic slowdown eats into ticket and merchandising sales and the credit crunch suddenly trims the money available even to top clubs, the transfer market may see something of a correction - a development that could...
...Beyond finding new markets and developing new products, companies sometimes can benefit by providing the poor with heavily discounted access to products. Industries like software and pharmaceuticals, for example, have very low production costs, so you can come out ahead by selling your product for a bigger profit in rich markets and for a smaller profit, or at cost, in poor ones. Businesses in other industries can't do this tiered pricing, but they can benefit from the public recognition and enhanced reputation that come from serving those who can't pay. The companies involved in the (RED) campaign draw...
...Economic Forum in Davos, Switzerland. Here's what we heard: one of the greatest capitalists in the history of the world suggesting that capitalism wasn't working all that well for almost half the people on the planet. He was in effect proposing a third way--the notion that profit and social responsibility were not mutually exclusive...
Bill's piece looks at capitalism's ability to make self-interest serve the larger interest, and how companies, in conjunction with government and nongovernmental institutions, can make a profit, enhance their reputations and also improve the lives of those who have not traditionally benefited from modern market forces. Bill cites a variety of examples of how this is already taking place and how governments, foundations and regular folks can support this effort. He's the first to admit that this idea is still at a very early stage, but now that he has retired from...