"We're not ready to pop the champagne corks and have a party, " said Doug Honnold, the managing attorney for Earthjustice, a non-profit environmental law firm based in Oakland, California, that has threatened to sue the government.

CNN: Gray wolf: Still endangered?

At least 15 corporations in Australia were severely hit, including a leading retailer, an information technology firm and several non-profit organisations, said Mr Liao.

BBC: Kournikova computer virus hits hard

The other field he ruled out was non-profit consulting, since one issue with his firm was the consulting work they did, which he no longer felt he wanted to do.

FORBES: How to Get a Great Job Today

Rather than go public or cash out his fortune, he says he will donate his shares to a new non-profit educational trust, which will keep the firm's focus on long-term research.

ECONOMIST: Vox populi | The

But this distortion and these perverse incentives are there, regardless of whether the firm is for-profit or non-profit.

FORBES: Eduard Porter Scribbles Non Sequiturs To Incorrectly Denigrate Profits

She also brings management and legal acumen, having run a national non-profit organization and been a partner at a DC law firm.

WHITEHOUSE: Share This Post