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So I guess they'll be sued any second now? Because people on the internet keep telling me companies can't just give away shareholders' money? /s

• rocqua 9y ago
  They aren't a public company. If they were, this might indeed cause some activist investors to take measures that might include lawsuits.
  • matt4077 9y ago
    They obviously do have shareholders, though. And I doubt that they got explicit consent from every single employee that owns shares or options, and every single investor. I've also never seen the argument made with explicit reference to publicly traded corporations only. They also filed for IPO in January. I doubt that they will shut down the Foundation a few months after announcing it when they go public.
    • rocqua 9y ago
      There is less of a chance of activist funds buying up your stock when you aren't public. This lessens the effect of activist investors. Most shareholders don't care about the 'Do everything to make me money short term'. Some activist investors do. Those are easier to keep out if you are a private company.