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“Controls” That will be especially untrue after IPO when shareholders can claim there are fiduciary responsibilities that conflict with the non profit goals.
by alpinisme 4mo ago
“Controls”
That will be especially untrue after IPO when shareholders can claim there are fiduciary responsibilities that conflict with the non profit goals.
- super256 4mo agoThe non profit is a big shareholder of the commercial subsidiary
- JumpCrisscross 4mo ago> when shareholders can claim there are fiduciary responsibilities that conflict with the non profit goals The for-profit has fiduciary responsibility to the non-profit as well as other shareholders. The IPO doesn't really change that.
- alextheparrot 4mo agoThe for-profit is a PBC with the sane mission at the nonprofit [0] [0] https://openai.com/index/built-to-benefit-everyone/ https://openai.com/index/built-to-benefit-everyone/