Word: profitability
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Dates: during 1990-1999
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...that it's cinema, it's film. Things like that. That's where you get Wall Street involved in financing. You really don't have any Wall Street involvement in theater. It's primarily individuals. You have the usual, you know, corporate backing, but that's the not-for-profit, like the New York Theater Workshop, which I'm a trustee of. Very little government support, at this point. Companies which are headquartered in New York give a lot of support to the New York Theater Workshop. But again, it's not Wall Street-driven. In terms of your interest...
...came--well, you can see it in Cambridge, but if you came to New York and you saw, we did for example at the New York Theater Workshop, or the Public Theater--all of these are not-for-profit organizations. You would see people there of great intelligence, lovely people, first-rate, hardworking, making virtually no money. There for ten years, thirty years of work, and they are there for love. They just love it. I mean, they just barely make a living. You're not making $100,000 a year by a long shot in any of these places...
Kenneth G. Smith, the acting chief operating officer (COO) of Phillips Brooks House Association (PBHA) will step down next month to head a non-profit organization in Boston...
...tobacco to England. Although the use of tobacco went against their strict religious principles, the settlers were not puritanical enough to shun the high price the tobacco brought. The repercussions of their decision are still being felt today. By deciding to quell any moral qualms in favor of the profit margin, those tobacco farmers founded a tradition of disavowing any moral obligations that present tobacco companies continue to heed to this...
LeBow is a reformed smoker, but he is not a reformed capitalist. In the 1980s, for example, LeBow made noise about a possible takeover of cigarette maker American Brands. He lost his resolve but found a profit, making $30 million when he surprised other investors by selling the stock. He made one of his biggest killings early this decade. LeBow had bought the Western Union money-transfer business in 1987, and watched his company sink into bankruptcy in 1991. Then, amazingly enough, he managed to find a buyer for the business a couple of years ago, which allowed...