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Originally Posted by Renee
It all sounds like corporate strategy designed to grow business, and pilfer building material from the competition whenever possible to enlarge and expand the company. When the economy is down, the efforts will become more strident.
Image is everything, however I was so concerned about the image of WL that I saw on his videos, that I sent one to a body language expert / physician . This expert is not a believer and had no idea who WL was. His verdict : WL showed all the signs of insincerity, much like untrained politicians, used car salesmen or news telecasters.
It's just business, nothing personal. The 2013 tax returns for the LSM shows that they have close to 100 million in assets, they bring in about 20 million per year and 75% of this goes to salaries and expenses.
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My thinking is that LSM keeps that large amount of cash on-hand as a clear warning to those who publish books against them that "we have enough cash to sue you into bankruptcy, so don't even think about publishing negative things." I would think that a non-profit would not keep such a large cash stash on hand when there are so many needs out there and people groups who don't have the bible in their own language. Why does LSM need to sit on $100 million dollars?