Tim Sweeney: Tax bill would likely end founder control of independent companies

Re:Tim Sweeney: Tax bill would likely end founder control of... by chollida1 on Wednesday October 27, 2021 @09:24PM (#29021206)

We’ll when musk started both those companies he wouldn’t be affected by this tax. In fact it wouldn’t have hit him until a few years ago and he hasn’t given either company money in longer than that.

And Steve jobs did t inject money into apple when they were creating the iPhone.

So you’re entire point has been pretty much invalidated

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Re:Tim Sweeney: Tax bill would likely end founder control of... by WalterBright on Wednesday October 27, 2021 @10:17PM (#29021566)

Jobs put most of his fortune from Apple into developing Pixar, transforming it from a failure into a powerhouse. The rest went into Next, which formed the core(!) of Apple's resurgence when Apple merged with it.

No Jobs money => no Pixar => no Next => no iPhone

Neener neener!

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Re:Tim Sweeney: Tax bill would likely end founder control of... by hedora on Wednesday October 27, 2021 @10:43PM (#29021764)

Musk currently has a controlling interest in Tesla because of his stock holdings. Under the proposal, he would no longer have the holdings, and thus no longer control the company.

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