Word: profitability
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Dates: during 2010-2019
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...Party movement, however, is easier than defining it. Tea Partyism covers a lot of ground and a world of contradictions. It contains Nashville lawyer Judson Phillips, who recently organized the first Tea Party convention at the posh Gaylord Opryland Hotel, charging $549 per ticket and pocketing an undisclosed profit. But the movement also embraces the volunteers who denounced Phillips and his convention as a money-grubbing mistake. The crowd in Nashville cheered as speaker Joseph Farah demanded proof that Obama is a U.S. citizen. "Show us the birth certificate!" Farah cried. But other Tea Partyers were equally delighted when influential...
Well, actually, rate hikes from Anthem Blue Cross, a for-profit company, will probably still happen, according to actuaries and other experts with extensive knowledge of the individual health insurance market, in which the company operates. The best that Anthem Blue Cross customers in California can probably hope for, say these experts, is that the rate hikes will be less dramatic than what the company first proposed. (See "What Health Care Reform Really Means...
...changes? Like many restaurants with three Michelin stars, El Bulli does not make a profit. (Its principals support themselves through consulting, investments and speaking engagements.) But Adrià says the financial burdens of the restaurant, as well as the obstacles it poses to family life, merely accelerated his decision, not determined it. His primary motivation was to maintain the creative spark. "Part of my job is to see into the future, and I could see that our old model is finished," he says. "It's time to figure out what comes next...
...audience is an obvious example. While performers alone may not define success in commercial terms, the main measure of a benefit concert is the dollar amount on the check they send to charity. Thus, a great deal of the energy expended in organizing such concerts is devoted to maximizing profit...
...order to maximize profit, coordinators must minimize costs. Unless the organizers of a benefit can find subsidy money for an event, production costs will subtract from the proceeds they send to charity. Particularly with a large-scale event like “Harvard for Haiti,” these costs are quite significant. Fortunately, the costs of the concert were covered by the University in conjunction with the Office for the Arts. In addition, the performers at the benefit concert worked pro bono. Of course, this is to be expected—every dollar that goes to a performer...