alt Hacker NewsIn general public benefit corporations and non-profits should have a very modest salary cap for everybody involved and specific public-benefit legally binding mission statements.
Anybody involved should also be prohibited from starting a private company using their IP and catering to the same domain for 5-10 years after they leave.
Non-profits where the CEO makes millions or billions are a joke.
And if e.g. your mission is to build an open browser, being paid by a for-profit to change its behavior (e.g. make theirs the default search engine) should be prohibited too.
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It’s not the CEO’s fault - they had to take all that money to keep their org a non-profit.
B corps are like recycling programs, a nice logo.
If we're speaking in generalities of corporations in this space, it's all a joke now, at least from my vantage point. I just don't find it very funny.
You're overthinking this. Just give the beneficiaries of the corporation (which in the context of a "public" benefit corporation is the public) the grounds to sue if the company reneges on their mission, the same way shareholders can sue if a company fails to act in their interest.
What's the salary cap for hiring a team to build a frontier model? These kind of rules will make PBCs weaker not stronger.
"A very modest salary cap" works if your mission is planting trees. Not so much if what you're building is frontier AI systems.