3 ms·
There's some news here. The OpenAI org chart changed from listing Microsoft as a "minority owner" to a "minority economic interest". There's also an idea that
by kaycebasques 3y ago
There's some news here. The OpenAI org chart changed from listing Microsoft as a "minority owner" to a "minority economic interest".
There's also an idea that vesting OpenAI employees will get much better tax treatment:
> People receiving profit interests will be granted the units upon their vesting date at no additional cost. Because of that, there’s an additional key tax benefit in that they are tax-free upon issuance and vesting, so the only tax hit would be a capital gains tax when the profit is received or sold.
- JumpCrisscross 3y agoThere is also the novelty of their hoped-for tax treatment: “People receiving profit interests will be granted the units upon their vesting date at no additional cost. Because of that, there’s an additional key tax benefit in that they are tax-free upon issuance and vesting, so the only tax hit would be a capital gains tax when the profit is received or sold. In contrast, with a traditional Restricted Stock Unit (RSU) that you’d see at a MAANG level company, when the RSU vests, an employee will be taxed upon receiving their RSUs immediately. This is because the RSU is essentially a percentage of equity in the company and holds a value at whatever the market rate is for that company’s stock.”