[M. Dodge Thomas]

"I have no objection to any non-state institution on the basis of size or influence, per se. I do object to any institution... which is run by people who use fiduciary positions for the benefit of their own wealth and power, rather than for the benefit of the shareholders, workers, citizens, faculty*, faithful, or intended beneficiaries of other sorts of non-profits.

Might as well stipulate that you "have no objection to foxes per se. only to any hen-house run by foxes who eat the chickens to satisfy their appetites, rather than operating the hen-houses for the benefit of the chickens..."

It's the nature of large, bureaucratic organizations to act in their own interests to the detriment of the larger society, and of the sorts of people who rise to power within them to "use fiduciary positions for the benefit of their own wealth and power."

[The_Reader_David]

Yes, yes, but once upon a time, actually when it was first uttered and Jay Gould was vilified for saying it, the continuation of “The public be d*mned,” was “I work for my shareholders!” Now, it seems to be, “and the shareholders be d*mned, too. I got mine!”

Fiduciaries are paid to benefit the interests of that over which they hold fiduciary responsibility, not run it into the ground for their own gain.