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1. Doughn+(OP)[view] [source] 2023-11-22 13:14:39
Not so true working for an organisation that is ostensibly a non-profit. People working for a non-profit are generally taking a significant hit to their earning's compared to doing similar work in a for-profit, outside of the top management of huge global charities.

The issue here is that OpenAI, Inc (officially and legally a non-profit) has spun up a subsidiary OpenAI Global, LLC (for-profit). OpenAI Global, LLC is what's taken venture funding and can provide equity to employees.

Understandably there's conflict now between those who want to increase growth and profit (and hence the value of their equity) and those who are loyal to the mission of the non-profit.

replies(2): >>erosen+hd >>rvba+9i
2. erosen+hd[view] [source] 2023-11-22 14:21:38
>>Doughn+(OP)
I don't really think this is true in non-charity work. Half of American hospitals are nonprofit and many of the insurance conglomerates are too, like Kaiser. The executives make plenty of money. Kaiser is a massive nonprofit shell for profitmaking entities owned by physicians or whatever, not all that dissimilar to the OpenAI shell idea. Healthcare worked out this way because it was seen as a good model to have doctors either reporting to a nonprofit or owning their own operations, not reporting to shareholders. That's just tradition though. At this point plenty of healthcare operations are just normal corporations controlled by shareholders.
3. rvba+9i[view] [source] 2023-11-22 14:41:48
>>Doughn+(OP)
Lots of non profits that collect money for "cause X" spend 95% of money for administration and 5% for cause X.
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