...and makes it 'for profit'

http://www.nytimes.com/2006/09/14/technology/14google.html?ex=1315886400&en=56861c8f4ca9b3e7&ei=5090&partner=rssuserland&emc=rss


how cool.

Brilliant!

So it's not really "for profit" - it's simply not "nonprofit" right?

in all honesty Im not actually suer about the distinction...but I assume they would be perfectly happy to make a profit?

If a company comes up with a car that gets 100 mpg, Google owns a piece of that company.

A nonprofit corporation (which gets all kinds of tax breaks) has a number of restrictions on the things it can do. (one pointed out in the article is that it cannot be politically active)

So from what I can read, google.org isn't designed to be "for profit" (and any profits will be folded back into their endeavors). It's just not set up as a "nonprofit" so they aren't bound by the tax rules.

...because a "for profit philanthropic organization" is an oxymoron.

So sad that nobody caught my pun...

_that_ was a _pun_ ?


jeez aaron.  I know you only have two phds, but come _on_.

Ok, play on words?

And it's only one...except...wasn't it yours I swiped?

heh.  that _was_ kind of funny, wasn't it.

Even more amusing was the woman who was just standing around in a graduation gown who cut in line in the PhD grads.  She wasn't graduating, she just decided on her own to go through the ceremony.  Unlike the actual graduates who just took the diploma, shook hands with the person giving it to them, and left, she shook hands with everyone on the stage.  All of them.  All the professors, all the guests, everyone.

It was surreal.  Screwed up the timing of names to people walking across the stage, too.

That bit actually happened.

wow, I wish I could have seen that.  it would have added a wee amount of interest to an otherwise gernally boring ceremoney.

I noticed it right when she cut in line...what the hell?

And it just kept on going.

Finally two large men quietly escorted her off the stage.