2 ms·
> The biggest loss of all, though, is a necessary one: the myth that anything but a for-profit corporation is the right way to organize a company. Hmmmh? http
by leoc 3y ago
> The biggest loss of all, though, is a necessary one: the myth that anything but a for-profit corporation is the right way to organize a company.
Hmmmh?
https://en.wikipedia.org/wiki/Robert_Bosch_Stiftung https://en.wikipedia.org/wiki/Robert_Bosch_Stiftung
https://en.wikipedia.org/wiki/Tata_Sons https://en.wikipedia.org/wiki/Tata_Sons
If anything it seems like the more likely lesson is that Altman manoeuvred OpenAI into a situation which was incompatible with its non-profit objectives.
- xxpor 3y agoThe Bosche example doesn't really match: >Although the charity is funded by owning the vast majority of shares, it has no voting rights and is involved in health and social causes unrelated to Bosch's business There's also the example of Ikea's ownership structure, but that's just a giant tax dodge.
- leoc 3y ago> The Bosch example doesn't really match Yes, I think you're right there.