undefined | Better HN

0 pointsPaulDavisThe1st2y ago0 comments

I was at amzn when jeff formed the first board. No skin in the game, and no shareholders with any votes. I gather this is pretty typical.

0 comments

crop_rotation2y ago

But Jeff was the shareholder and those were his nominees right? Not to mention he was mostly able to pick the board as needed. In for profit corporation there is a clear ultimate ownership in shareholders. No such thing here.

PaulDavisThe1stOP2y ago

The claim was that non-profits "just put their friends on the board". No difference.

j / k navigate · click thread line to collapse

0 pointsPaulDavisThe1st2y ago0 comments

I was at amzn when jeff formed the first board. No skin in the game, and no shareholders with any votes. I gather this is pretty typical.

0 comments

crop_rotation2y ago

PaulDavisThe1stOP2y ago

The claim was that non-profits "just put their friends on the board". No difference.

j / k navigate · click thread line to collapse