3 ms·
I was at amzn when jeff formed the first board. No skin in the game, and no shareholders with any votes. I gather this is pretty typical.
by PaulDavisThe1st 3y ago
I was at amzn when jeff formed the first board. No skin in the game, and no shareholders with any votes. I gather this is pretty typical.
- crop_rotation 3y agoBut Jeff was the shareholder and those were his nominees right? Not to mention he was mostly able to pick the board as needed. In for profit corporation there is a clear ultimate ownership in shareholders. No such thing here.
- PaulDavisThe1st 3y agoThe claim was that non-profits "just put their friends on the board". No difference.