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And a lot of people don't realize that "wholly owned" is just a legal construction, it does not mean that they have any say over what the corporation does, how

And a lot of people don't realize that "wholly owned" is just a legal construction, it does not mean that they have any say over what the corporation does, how the corporation does that, or that they have any kind of access to any money in the corporation's accounts. The foundation owns the corporation, part of that ownership is that they can't run it. If they did, they'd no longer be a separate non-profit.

mbrubeck 2y ago
But it does mean that the Corporation's dividends all go to the Foundation, its sole shareholder. It has paid such dividends in the past, though as far as I can tell, dividends have been replaced by royalty payments in more recent years.