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That will be especially untrue after IPO when shareholders can claim there are fiduciary responsibilities that conflict with the non profit goals.
Replies
alextheparrot • last Monday at 11:33 PM
The for-profit is a PBC with the sane mission at the nonprofit [0]
super256 • last Monday at 10:51 PM
The non profit is a big shareholder of the commercial subsidiary
> when shareholders can claim there are fiduciary responsibilities that conflict with the non profit goals
The for-profit has fiduciary responsibility to the non-profit as well as other shareholders. The IPO doesn't really change that.