Word: profitability
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Dates: during 1980-1989
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Called "Privatization of Mental Health Care: A National Perspective," the conference revealed mixed responses to what researchers have called the "megatrend" of privatization. For-profit corporations in 1986 provided 15 percent of all nonfederal psychiatric care, up from 1 percent in 1970, researchers...
Walsh maintains that he did not profit from the school's property transactions. And as evidence of his ongoing concern for Commonwealth Day, he cites a council order he sponsored last year welcoming the school to the city...
...more money," says Choy. "But my Chinese government partners don't want to upset those who are lazy by allocating bonuses according to merit. They have their own version of the iron rice bowl, and they don't care if incentives will result in greater productivity and more profit. To a businessman their attitude is insane. But they are happy if they turn just a little profit, because they know that that will satisfy their higher-ups and that everyone will then be covered. Probably the only thing left for me to try is straight corruption...
Burroughs Wellcome refuses to disclose its profit on AZT, but industry analysts believe it could range from a low of $25 million to a high of $100 million on this year's sales of $200 million. When the costs of overhead and continuing research are factored in, "the average operating profit from all the sales of Burroughs Wellcome is 20%. Though they have a 30% operating profit margin on AZT, it's still within the bounds of the pharmaceutical industry," says Jo Walton, who follows the industry for Shearson Lehman Hutton in London...
Despite its inefficiency, the Ukraina kolkhoz is one of the Soviet Union's most profitable collective farms. It employs more than 7,000 people and earns a profit -- about $4.7 million in 1988 -- on sales of cattle, corn, sugar beets, wheat and other products. Yet mismanagement limits its progress. Dull cites as one example a "specialist system," requiring that people be trained to do only one specific task. Party officials, often without agricultural expertise, constantly monitor to make sure things are done as the party dictates. "Soviet farmers are accustomed to having Big Brother watching over their shoulder," says Dull...