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by philipkglass 1839 days ago
Like why do no-profits and charities seem to corrupt their aim at a greater speed than for profit businesses?

It seems inherent to the different aims of charities and businesses. Nucor Corporation has a nominal lineage from "Nuclear Corporation of America Inc." incorporated in the 1950s. But its actual business has had nothing to do with nuclear technology in 50+ years; it found more success in the steel business. Shareholders aren't mad that the company isn't following its original nuclear technology mission since it found a better business. There's nothing to "corrupt" when a business goes after different markets.

But some donors will be upset if a charity focused on one mission broadens or deviates from its original mission. Some people may also be happy with these sorts of change, of course, but mission changes tend to be more controversial with charities than with for-profit companies.