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Posts tagged ‘Jeanne A Dariotis’

9
May

Executive Compensation at OneBlood

The blood banking industry is truly one of the most unusual businesses in this country:  the participants rely on a donated product which they collect, test, process, and then distribute.  But, the paradox is they get the product for free and sell it for a profit (their cost is in collecting, testing, processing and distributing).

Most people are aware of the American Red Cross but there are lots of other players including an organization called OneBlood. Based out of Orlando, Florida, this tax-exempt, non-profit 501 (c) (3) organization collects donated blood, tests it, processes it by breaking it up into salable components (i.e platelets, plasma, etc), and the sells it to about 270 hospitals in Florida, Alabama, Georgia, South Carolina, and North Carolina. Read more »