this post was submitted on 20 Nov 2023
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The kind of ownership is pretty normal across a wide range of industries, a lot of hospitals in the US operate with a similar structure, NGOs and "foundations," co-ops, independent regulators, etc. Whatever's happening in this case is remarkable but probably not because of how the board operates in this role specifically. We have to know why they fired him to know what's going on but that's unlikely. It could have been completely mundane but that doesn't matter now.
Yeah that's what I thought. I've formed/ been a part of several non-profits that have looked at developing for-profit components to fund the non-profit mission.