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I was under the impression that the Mozilla Corporation was owned by the Mozilla Foundation. Would that not mean that the profit from the corporation would go t
by dependenttypes 6y ago
I was under the impression that the Mozilla Corporation was owned by the Mozilla Foundation. Would that not mean that the profit from the corporation would go to the foundation? Or is this a legal trick to allow them to profit from the foundation?
- cadence- 6y agoThey need to keep them financially and legally separated, but Corporation is still allowed to make some money transfes to Foundation (but not the other way around). I’m actually surprised they are now allowed to have the same CEO for Corporation and Foundation. They might be inviting an IRS audit this way.
- carapace 6y agohttps://en.wikipedia.org/wiki/Mozilla_Corporation#IRS_audit https://en.wikipedia.org/wiki/Mozilla_Corporation#IRS_audit
- dblohm7 6y ago> I’m actually surprised they are now allowed to have the same CEO for Corporation and Foundation. You're spreading misinformation. AFAIK Mitchell Baker is still the chair of the Foundation, but the Foundation's equivalent of a CEO is Executive Director Mark Surman.