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daking213 t1_jdiwngr wrote

Reply to comment by SolitaryMarmot in NYC: Success Academy Buys New Properties While Planning to Charge Rent to NYC Public Schools by barweis

What? If there are no shareholders then nobody gets to keep the profits. Eventually it has to be reinvested, why would a company “hold it” and do absolutely nothing with it?

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SolitaryMarmot t1_jdjg1zb wrote

there are tons of ways to extract value from a company that aren't via equity. the regulations for non profits are almost non-existent. some states have their own related to excessive compensation. But generally its a free for all.

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