Managers who sacrifice profit for the common good also are in effect imposing a tax on their shareholders and arbitrarily deciding how that money should be spent.
Mr. Bloomberg said the administration will seek City Council legislation to make New York a more "youth-friendly tourism destination" by legalizing for-profit youth hostels that are common in Europe.
But the Treasury got a 5% dividend from the banks in return, plus warrants on their common stock that could be sold later at a profit.
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The most common way for businesses to give to the non-profit community is through donations, but the need for volunteering is acute.
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But Gingrich's attorneys said he never intended to mislead the committee and argued it is common for people to work with both partisan and non-profit organizations.
This kind of behavior is actually very common in medical community, particularly among groups that own equipment and labs and profit handsomely from procedures.
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Although NFL teams have common interests such as promoting the NFL brand, they are still separate, profit-maximizing entities, and their interests in licensing team trademarks are not necessarily aligned.
That self-interest does, of course, accord with the common, popular, understanding of the purpose of private enterprise, which is to maximise profit at all costs.
Northern impersonality and Southern revenge converge on a common American theme: a growing number of American prisons are now contracted out as for-profit businesses to for-profit companies.
Three years ago, he introduced a profit-sharing scheme under which each firm contributes a third of profits to a common bonus-pool, and fund management is run globally from New York.
While both companies have common roots in the computing business, Apple under Mr. Jobs has built itself into a profit machine through a string of hit consumer electronics products, starting with the iPod digital media player, followed by the iPhone, plus the iPad earlier this year.
One reason is that they are contributing profit margins of more than 20% on average, compared with the mid-teens more common at creative agencies.
Profit slipped at Morgan Stanley as the bank made less money from trading bonds and commodities, a common theme for many investment banks this earnings season.
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