Big Business

The corporate side of the Mormon Church

I was surprised to learn how the Mormon Church makes money. I had no idea they were involved in so many for-profit business ventures: First among its for-profit enterprises is DMC, which reaps estimated annual revenue of $1.2 billion from six subsidiaries, according to the business information and analysis firm Hoover’s Company Records (DNB). Those … Continue Reading →

The billionaires on Romney's bus

Mitt Romney is a very rich man. But he’s a pauper compared to the “megadonors backing his candidacy.” The big money behind the former governor of Massachussetts is mainly comprised of billionaires nearing their 70s. So it’s useful to review who these guys are and the return they expect for their investment in Romney’s campaign. … Continue Reading →