> I think often company spin like this is more targeted towards internal employees than the outside world.
Probably is more ti employees than the general public, but it is even more targeted to the growing number of lawsuts against the conversion, since the charity nonprofit’s board is required to act in the interest of its charitable purpose even in a decision like this.
It is directed at defeating the idea, expressed quite effectively in the opening of Musk’s suit, that “Never before has a corporation gone from tax-exempt charity to a $157 billion for-profit, market-paralyzing gorgon—and in just eight years. Never before has it happened, because doing so violates almost every principle of law governing economic activity. It requires lying to donors, lying to members, lying to markets, lying to regulators, and lying to the public.”
There are tons of examples of non profit that are run for profit (mostly profit / career advancement of those in charge and their families and friends).
Firefox spend a ton on pet projects to boost careers. Now the core product lost most matketshare and is not what people want.
Wikipedia collects a ton of money and wastes it on everything bar wikipedia (mostly salaries and pet proje ts).
There are those charities where 95% of collected money is spent on own costs and only 5% reaches those in need / the topics that they should solve.
Control over non profits is a joke. People in charge respond to nobody.
Probably is more ti employees than the general public, but it is even more targeted to the growing number of lawsuts against the conversion, since the charity nonprofit’s board is required to act in the interest of its charitable purpose even in a decision like this.
It is directed at defeating the idea, expressed quite effectively in the opening of Musk’s suit, that “Never before has a corporation gone from tax-exempt charity to a $157 billion for-profit, market-paralyzing gorgon—and in just eight years. Never before has it happened, because doing so violates almost every principle of law governing economic activity. It requires lying to donors, lying to members, lying to markets, lying to regulators, and lying to the public.”