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[parent] [thread] 2 comments
1. PaulDa+(OP)[view] [source] 2023-11-18 00:32:19
I was at amzn when jeff formed the first board. No skin in the game, and no shareholders with any votes. I gather this is pretty typical.
replies(1): >>crop_r+j
2. crop_r+j[view] [source] 2023-11-18 00:33:40
>>PaulDa+(OP)
But Jeff was the shareholder and those were his nominees right? Not to mention he was mostly able to pick the board as needed. In for profit corporation there is a clear ultimate ownership in shareholders. No such thing here.
replies(1): >>PaulDa+D
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3. PaulDa+D[view] [source] [discussion] 2023-11-18 00:35:38
>>crop_r+j
The claim was that non-profits "just put their friends on the board". No difference.
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