[Coral-List] Elsevier's 2017 profits exceeded $1.2 billion: how to reclaim your rights as an author without feeding the beast
nick at octogroup.org
Tue Feb 27 12:09:25 EST 2018
To clarify, Elsevier (profit margins of 37%) makes more money in profit _per dollar_ than Google (profit margins of ~11% <http://www.macrotrends.net/stocks/charts/GOOG/profit-margin/alphabet-inc-c-gross-operating-net-profit-margin-history>) and Apple (profit margins of ~21% <http://www.macrotrends.net/stocks/charts/AAPL/profit-margin/apple-inc-gross-operating-net-profit-margin-history>) combined.
Director of Open Initiatives
OCTO | Open Communications for The Ocean
https://www.octogroup.org | https://www.openchannels.org | https://marxiv.org
nick at octogroup.org | nwehner at protonmail.com
Learn about the importance of making your research freely-available with MarXiv from Oceans Deeply: https://oct.to/marxivod
> On Feb 27, 2018, at 7:48 AM, J Hill <jhilltrustee at gmail.com> wrote:
> Hmmmm.....Not sure where you are getting your financial information but
> For the quarter, Apple posted revenue of $52.6 billion and net quarterly profit of $10.7 billion
> That was just the 4th Quarter....$10.7 billion versus your stated profit by Elsevier of $1.2 billion
> for the whole year.
> On Mon, Feb 26, 2018 at 2:33 PM, Nick Wehner <nick at octogroup.org <mailto:nick at octogroup.org>> wrote:
> Hi Coral-Listers,
> I’m hosting a webinar next month that I wanted to alert you to. Please share with your networks.
> RELX Group, the holding company that owns Elsevier, the world's largest publisher, brought in profits that exceeded US $1.2 billion in 2017 alone. With a profit margin of 37%, they make more in profit than Google and Apple combined! So what can you as an author do to stop feeding this profit-hungry beast?
> Elsevier and other for-profit publishers allow you to make your research available for free to the world via Green Open Access (Green OA). Papers available for free this way are cited 30% more <https://peerj.com/articles/4375/ <https://peerj.com/articles/4375/>> on average. If they're licensed openly, they can also be text-mined and translated for free, too -- all without paying costly OA fees to the publisher.
> Get your research published where you want (even behind a pay-wall) by making it freely-available via Green OA with MarXiv: the free research repository for the ocean and marine climate sciences <https://marxiv.org/ <https://marxiv.org/>>. Not only can you make your research Green OA for free, but you can also share your data and other research outputs for free. Give your group’s reports a free DOI and ensure they’re indexed in academic search engines like Google Scholar.
> Event Date: Tuesday, March 27, 2018 at 1pm EDT / 10am PDT / 5pm UTC
> Register now at https://zoom.us/webinar/register/WN_Ai36NyuVTNq5l0Arh4O0_w <https://zoom.us/webinar/register/WN_Ai36NyuVTNq5l0Arh4O0_w> <https://zoom.us/webinar/register/WN_Ai36NyuVTNq5l0Arh4O0_w <https://zoom.us/webinar/register/WN_Ai36NyuVTNq5l0Arh4O0_w>>
> Nick Wehner
> Director of Open Initiatives
> OCTO | Open Communications for The Ocean
> https://www.octogroup.org <https://www.octogroup.org/> | https://www.openchannels.org <https://www.openchannels.org/> | https://marxiv.org <https://marxiv.org/>
> nick at octogroup.org <mailto:nick at octogroup.org> | nwehner at protonmail.com <mailto:nwehner at protonmail.com>
> Office: +1-206-420-1175 <tel:%2B1-206-420-1175>
> Signal: +1-206-745-2138 <tel:%2B1-206-745-2138>
> Learn about the importance of making your research freely-available with MarXiv from Oceans Deeply: https://oct.to/marxivod <https://oct.to/marxivod>
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> JHillTrustee at gmail.com <mailto:JHillTrustee at gmail.com>
> Trustee, Marshall Field Family Trust
> Former Non-Profit Board Positions:
> Duke Children's Hospital
> Scripps Institution of Oceanography
> Duke Nicholas School for the Environment
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