Was TPG's successful IPO of J. Crew a matter of good deal management or luck? Why? Why do you think TPG might want to take J. Crew private again?
You are a tax attorney and consultant to Doctor's Hospital, a for-profit, physician-owned hospital. You are scheduled to give a presentation to the board regarding the advantages related to converting the hospital to not-for-profit tax status.
• What are your arguments? • What are the board's likely arguments to remain for-profit?