alt Hacker NewsIf they truly wanted it to be in the benefit of the not-for-profit and safe from interference, the ownership by the foundation would be much closer to or just over 50%.... just thinking out loud...
If they truly wanted it to be in the benefit of the not-for-profit and safe from interference, the ownership by the foundation would be much closer to or just over 50%.... just thinking out loud...
The magic 50% ownership isn't relevant for that purpose. There are special provisions which means that the Foundation effectively exerts full control over the company because it appoints the entire board.