Re:We have reached an agreement in principle for Sam to retu...
by nextaccountic on Wednesday November 22, 2023 @01:39AM
(#38375596)
But it's not exactly a company. It's a nonprofit structured in a way to wholly own a company. In that sense it's like Mozilla.
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Re:We have reached an agreement in principle for Sam to retu...
by karmasimida on Wednesday November 22, 2023 @01:49AM
(#38375707)
Nonprofit is a just a facade, it was convenient for them to appear as ethnical under that disguise, but they get rid of it when it is inconvenient in a week. 95% of them would rather join MSFT, than being in a non-profit.
Did they company change? I am not convinced.
Re:We have reached an agreement in principle for Sam to retu...
by ravst3s on Wednesday November 22, 2023 @02:33AM
(#38376103)
Agree that it's a facade.
Iirc, the NP structure was implemented to attract top AI talent from FAANG. Then they needed investors to fund the infrastructure and hence gave the employees shares or profit units (whatever the hell that is). The NP now shields MSFT from regulatory issues.
I do wonder how many of those employees would actually go to MSFT. It feels more like a gambit to get Altman back in since they were about to cash out with the tender offer.