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> the nonprofit owns the corporation They only own about 2% of it. The rest is split between Microsoft and other investors.
by mr_toad 2y ago
> the nonprofit owns the corporation
They only own about 2% of it. The rest is split between Microsoft and other investors.
- deleted 2y ago[deleted]
- dragonwriter 2y agoThe nonprofit has 100% control of the for-profit entity, though it does not have 100% of equity.
- indoordin0saur 2y agoEven so, it doesn't matter. Controlling board has been replaced by cronies who have no interest in the original altruistic purpose of the company, whether they call themselves not-for-profit or not.
- mr_toad 2y agoThe have 100% de jure control and 0% de facto control.