The simple truth is that most "modern" translations are actually profit making ventures. To get a copyright you have to make substantial changes to an existing text. That's not to say that those involved in the translations aren't sincere in their desire to create a "better" translation. But I believe that being accurate is much more important than being "sincere." After all, how many times have we heard about being sincerely wrong?
The links below will provide more information regarding just a few of the most popular "modern" translations. I encourage you to click the links and read the information. You may be surprised by what you find!
New Internation Version
New King James
New American Standard
NIV Teen Study Bible