zlacker

[parent] [thread] 2 comments
1. hoistb+(OP)[view] [source] 2024-03-01 16:35:55
> he has as much say in the direction of the company as a random crackhead living on the BART train

He donated 8 figures to the nonprofit. So he deserves as much say in the direction as a random crackhead living on the BART train who donated $44M to the nonprofit.

replies(1): >>mise_e+r
2. mise_e+r[view] [source] 2024-03-01 16:38:15
>>hoistb+(OP)
It doesn't work like that. You can donate millions or invest millions in a company as the founder or lead investor. As soon as you leave the company as a board member, and are not a shareholder, your official relationship with the company is terminated.
replies(1): >>hoistb+zD
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3. hoistb+zD[view] [source] [discussion] 2024-03-01 19:40:13
>>mise_e+r
When you donate to a nonprofit, they do have to use your donation in a way consistent with the conditions under which you gave it. Donors who believe they haven't can (and have) seek redress in court.

Nonprofits are different that way.

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