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“He don’t eat no meat?… That’s okay. I make lamb.”

Aunt Voula captures the problem of for-profit non-profits. Just as she doesn’t realize that lamb is meat, for-profit non-profits don’t realize that profit is profit, and therefore that profiting from running a non-profit organization makes it not not-for-profit. If you catch my drift.

This very category confusion (for-profit / not-for-profit) has tripped up the University of Texas Southwestern Medical Center, a putative non-profit long run for the personal profit of its director. Le tout Dallas is shocked and offended that the director has now been forced out and forced “to repay the medical center for every cent of his inappropriate spending.” How dare taxpayers humiliate this man by prying their money out of his hands!

Margaret Soltan, June 7, 2012 10:04AM
Posted in: the university

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