No. They are not a publicly traded company. They have several corporations that they use, which are registered as non-profit corporations.
Who owns the Society?
by return visitor 27 Replies latest jw friends
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zack
Good call, Blueblades. Someone authorized the settlement. That would be a great document to have! The lawyers can sign as attorney-in-fact for many things, but the settlement is the client's call and lawyer wants to cover his own as*. Who signed? My money is Adams signed.
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garybuss
To follow the money out of the Society, don't forget to look at professional fees, consulting fees, gifts from suppliers, referrals, resale and purchase of real estate, and third party beneficiaries. There are so many ways to get cash out of a billion dollar worldwide corporation it isn't even funny.
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bigdreaux
thanks never ending. i appreciate the info.
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RR
Don't imagine that the money flows to an individual or a small group of people. The WTBTS is like the monster that ate New York. NOBODY is in charge and NO-ONE knows where all the money is. There will be an elite, however, who skim off a portion of the glory here and there.
Hmmm ... sounds like New Jersey politics! RR
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neverendingjourney
Dreaux:
That's not to say that certain people can't make money off of a non-profit corporation. For instance, a charity like the United Way has employees that are in many cases paid a lot of money. They can give perks to employees and write it off as salary or expenses. According to wikipeida:
"The primary difference between a nonprofit and a for-profit corporation is that a nonprofit does not issue stock or pay dividends, (for example, The Code of the Commonwealth of Virginia includes the Non-Stock Corporation Act that is used to incorporate nonprofit entities) and may not enrich its directors. However, like for-profit corporations, nonprofits may still have employees and can compensate their directors within reasonable bounds."
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jaguarbass
The Illuminati own everything. The WTS is just anothing peice of the New World Order puzzle.
That's probably what David Icke would say. And he seems to be right about a lot of things.
Remeber the Bush family is trying to usher in the New World Order. Back in the 70's the Witnoids were always talking about the New World Order.
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Stephanus
The heads of the corp take vows of poverty, but live lives of luxury, thanks to favourable distributions of the wealth they've been building up for generations. The WBTS is nothing more than a giant Family Trust.