Word: profitable
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Dates: during 1990-1999
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...substantive interest in the results of our research was enlarged by possibility of financial gain. Until this year, Harvard engaged in an extensive series of licensing agreements with independent companies. These firms proceeded to produce and distribute drugs and biotechnology products through a profit-sharing agreement with us. Now the University, with the consultation of Deans or their designees, may accept shares of such firms, with this ownership opening possibilities of huge increases of capital income...
...face criminal prosecution on charges of maintaining an illegal slush fund. Roh has admitted to collecting $650 million while in office, but says he was following in the footsteps of his predecessors, who routinely used the slush fund to finance election campaigns, bribe opposition politicians and invest for personal profit. The real fallout could come if prosecutors discover that Kim Young-sam, elected in 1992 as an anti-graft crusader, accepted money from Roh. "Roh is like the Heidi Fleiss of Korean politics," says former Seoul bureau chief David Jackson. "There's no doubt that he could bring down quite...
...prosecution on charges of maintaining an illegal slush fund. Roh has admitted to collecting $650 million while in office, but says he was following in the footsteps of his predecessors, who routinely used the slush fund to finance election campaigns, to bribe opposition politicians and to invest for personal profit. The real fallout could come if prosecutors discover that Kim Young-sam, elected in 1992 as an anti-graft crusader, accepted money from Roh. But although the president insists he has taken "not a single cent" from Roh's funds, most Koreans seem to think he's lying: public opinion...
...their combined circulation has decreased by 24 percent (according to the companies) and they expect to lose over $100 million because of the strike, Gannett and Knight-Ridder won't give in to settlement even by arbitration. These are national newspaper chains; they are dedicated to serving up a profit-making product, much as McDonald's dishes out greased buns. People love it, but they've no idea of the impact of digesting such trash. A corporation has little allegiance to any particular city; its business exist solely for financial gain and care little if at all about the community...
...years ago, the concept of privatization--in which a for-profit company takes over the management of some, or all, school functions--seemed like it might be a magic bullet for the nation's ailing, bureaucratically entrenched public schools. Now it appears that the champions of privatization may have seriously underestimated the challenges--political, organizational and financial--of such radical change. Christopher Whittle's highly touted Edison Project has only four schools in operation. Education Alternatives, Inc., based in Bloomington, Minnesota, has signed no new clients in more than a year. Its contract to manage an elementary school in Miami...