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1) It’s not applause. It’s emphasis. 2) The entire rationale for MoFo is: 2a) Own the for profit corporation because MoCo makes too much money to be considere
by jonathankoren 3y ago
1) It’s not applause. It’s emphasis.
2) The entire rationale for MoFo is:
2a) Own the for profit corporation because MoCo makes too much money to be considered a nonprofit for tax purposes. (This legal structure predates B Corps.)
2b) Give money away. That’s it. It gives money to academics and activists. Is it wasted? Maybe. But that’s what do philanthropic organizations do.