Sam Altman's Business Dealings Under GOP Scrutiny Ahead of OpenAI's IPO

Re:Sam Altman's Business Dealings Under GOP Scrutiny Ahead o... by s1artibartfast on Thursday May 14, 2026 @01:44PM (#48138656)

So a non-profit can absolute invest in or own a for-profit subsidary. This is extremely common. The idea is that the for-profit returns will flow back to the non-profit and remain dedicated to the non-profit mission.

Where things get really shady and run the risk of IRS violations is when the leadership of the non-profit has a seperate for profit stake in the subsidary.

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Re:Sam Altman's Business Dealings Under GOP Scrutiny Ahead o... by boringg on Thursday May 14, 2026 @02:23PM (#48139197)

When your public position is that you don't own equity in the company it implies that you aren't making money off of it. However if you have all sorts of side deals through intermediaries and you are making money off the entity it looks quite bad.

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Re:Sam Altman's Business Dealings Under GOP Scrutiny Ahead o... by s1artibartfast on Thursday May 14, 2026 @04:16PM (#48140663)

Perhaps to some that don't know what equity means.

I dont think it looks bad. The devil is always in the details: Were helion and reddit deals fair market value or self dealing?

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