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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
by 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 agoThere 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.