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007
Joined: 30 Oct 2006
Posts: 2684
Location: UK/Veteran of the Magic Kingdom
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 Posted: Thu Jun 28, 2007 5:06 pm Post subject: |
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| globalnomad2 wrote: |
| Strictly speaking, 007, there is no such thing as an Uncle Sam's university, except for the military academies. Aside from those, the US government does not own or run any higher-educational insitutition. |
If you are an American, which means you are a citizen both of uncle Sam federal entity and your state of residence.
By analogy, a state university is a public university founded and operated by a state government, and still under the citizenship of uncle Sam.
Yes, the only federal universities, suh as West Point, are the ones controlled by uncle Sam's Pentagon.
But still is uncle Sam's university, regardless if it is a public, private, state, or military one. |
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veiledsentiments
Joined: 20 Feb 2003
Posts: 17644
Location: USA
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| Posted: Thu Jun 28, 2007 9:25 pm Post subject: |
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Give it up 007... again you have little or no idea what you are talking about. It is obvious that you know little or nothing about the US education system, so best to be quiet and stop making yourself look foolish.
VS |
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Balzac
Joined: 14 Jun 2007
Posts: 266
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| Posted: Thu Jun 28, 2007 11:34 pm Post subject: |
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| Bebsi wrote: |
| I am given to understand (but need to check it out) that the BC was privatised during the Thatcher era, like many other government owned/sponsored bodies. |
That is indeed quite possible. Yes, Maggie (The Iron Lady) Thatcher did privatise [British spelling!] many state owned companies which led one social commentator to remark that it 'was like selling off the family silver'.
The British education sector was also privatised in the late 1980s so it's quite possible thst the BC was affected either directly or indirectly by this change.
Balzac  |
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scot47
Joined: 10 Jan 2003
Posts: 15343
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| Posted: Fri Jun 29, 2007 8:04 am Post subject: |
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| It was not actually 'privatised' but was sent down the road of making a 6 percent notional return. |
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Bebsi
Joined: 07 Feb 2005
Posts: 958
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| Posted: Fri Jun 29, 2007 10:57 am Post subject: |
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| So, at the moment, does anyone know if it is owned by shares or is it run by trustees. I suspect the latter, but wonder who the trustees are???? |
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Balzac
Joined: 14 Jun 2007
Posts: 266
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| Posted: Fri Jun 29, 2007 1:12 pm Post subject: |
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| scot47 wrote: |
| It was not actually 'privatised' but was sent down the road of making a 6 percent notional return. |
Umm! That so? Makes you wonder how come it still has registered charity status then? Correct me if I'm wrong, but aren't charitable organisations discouraged from making profits? Unless, as in this case, the profits, be they 6% or otherwise, are ploughed back into the BC or paid to the board of trustees in the form of salaries?
As Sherlock Holmes said, "If you remove all the probable possibilities, then the remaining possibility, no matter how improbable, is the right one."
I'll do some googling and see what I can dig up!
cheers
B |
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Bebsi
Joined: 07 Feb 2005
Posts: 958
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| Posted: Fri Jun 29, 2007 3:22 pm Post subject: |
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That's exactly how I suspect it's done: they don't have dividends cos they don't have shares. They're also forbidden to have a profit as a charity, any net revenue is ploughed back into helping...well, charities!! However, a net revenue (i.e. profit) is what you are left with after paying expenses...how dashed shameful if after paying the trustees and senior management, there are no profits left.
Now, I'm a very suspicious and cynical person by nature, so I stand to be corrected on this, if someone representing the BC, for example, could enlighten us as to how the whole thing is indeed managed e.g. how trustees are appointed, and what their corporate/legal structure is. Of course, if I had the time or inclination I could check it out for myself, as charities are after all, public bodies and their annual accounts are, as far as I know, a matter of public record. Certainly, their legal status is, as is the structure, in the companies registration office.
Still, I have more to worry me. I think it's largely a question of Caveat Emptor (buyer beware). |
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Balzac
Joined: 14 Jun 2007
Posts: 266
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| Posted: Sat Jun 30, 2007 2:04 am Post subject: |
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| Bebsi wrote: |
| Now, I'm a very suspicious and cynical person by nature, so I stand to be corrected on this, if someone representing the BC, for example, could enlighten us as to how the whole thing is indeed managed e.g. how trustees are appointed, and what their corporate/legal structure is. |
I think it's very much like a lot of British companies e.g. like BAE which, if you've been following the news of late, has been uncovered as being an extremely shady player in arms deals to Saudia and the bribes or golden handshakes that go with them.
I'm not of course saying the the BC is the same, but there is and always has been an almost secretive, masonic like aspect to its management strutcure and general policy making. One thing that is a common which I hear from people who've worked there for a long time is that unless you're an Old Boy from Cambridge or Oxford, then you're not going to get up the corporate ladder, the higher eschelons of the company. It seems to me that this is a good place to start looking if you want to unravel exactly how the whole BC machine works e.g. how management recruits are selected. 
Balzac |
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007
Joined: 30 Oct 2006
Posts: 2684
Location: UK/Veteran of the Magic Kingdom
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| Posted: Sat Jun 30, 2007 1:29 pm Post subject: |
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| Balzac wrote: |
| It seems to me that this is a good place to start looking if you want to unravel exactly how the whole BC machine works e.g. how management recruits are selected. Balzac |
It seems you are not familiar with the British �political� system in any organization.
The BC machine works like No. 10 Downing Street. Each boss bring or nominate his 'cabinet' members according to his agenda.
BTW, don't you think that the BC is the new face of the British Empire, at least in the language academic world?
Any comments are welcome. |
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Balzac
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