… that Harvard University, a non-profit with all the tax breaks pertaining thereto, hoards a thirty-five billion dollar endowment… That all those Right-Not-To-Think states with their incredibly bad universities get huge tax breaks for luxury suites in their sports arenas…
And that some non-profit university hospitals… Well… Take a look:
[The University of Pittsburgh hospital’s] CEO, Jeffrey Romoff, makes almost $6 million a year. That makes him the highest paid CEO of any large nonprofit hospital in the U.S., according to a recent analysis by TIME. Romoff also has more than a dozen administrators that take in annual salaries of over $1 million, and according to the city, he has access to a private chef, chauffeur, and a jet, as well as one of the most expensive office spaces in Pittsburgh.
Pittsburgh’s mayor is suing to get rid of the bogus non-profit’s non-profit status. He’ll probably win.
Why? Recall Oscar Wilde calling fox hunting “the unspeakable in pursuit of the inedible.” Romoff’s attorneys – as will be obvious to everyone – will be the unspeakable in defense of the despicable.
May 30th, 2013 at 11:57AM
it’s all about the Benjamins…
http://www.insidehighered.com/news/2013/05/28/documents-shed-light-details-georgia-tech-udacity-deal#.UadkiMC_jCY.facebook