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[parent] [thread] 2 comments
1. fakeda+(OP)[view] [source] 2023-11-19 04:50:44
The point still stands, the board does not have "investors". Microsoft knowingly donated to the for profit entity of the non profit. Open AI isn't a PBC, it's a 501c non profit. So the board can act that way, without the knowledge of the investors.

That being said, this is a case of biting the hand that feeds you. An equivalent would be if a nonprofit humiliated its biggest donor. The donor can always walk away, claiming her future donations away, but whatever she's donated stays at the nonprofit.

replies(1): >>lsh123+g4
2. lsh123+g4[view] [source] 2023-11-19 05:27:55
>>fakeda+(OP)
I hope IRS is watching this ;)
replies(1): >>dragon+M5
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3. dragon+M5[view] [source] [discussion] 2023-11-19 05:40:46
>>lsh123+g4
Watching what? A 501c3 being publicly pressured to make key governance decisions for the commercial benefits of investors in the 501c3's for-profit indirect subsidiary rather than the board's good-faith interpretation of its charitable purpose?

Why would they care about that?

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