Comment by qsera
1 day ago
How much is your investment (you don't have to be exact)?
The bottom line is that if the investment is not profitable, then there will be less and less investment, because only fewer and fewer can afford to lose money and stick to their values, until no one will be investing; how ever high your values might be...
Sticking to your values when it cost growth is not sustainable for publicly traded companies...
Anthropic is a public benefit corporation. Investors who put money in knew this. It's in the corporate charter. The corporate charter is a public document.
Fiduciary duty means the board and officers must act in accordance with the governing documents of the corporation.
Even a regular corporation doesn't need to be just for the purpose of "money goes up". The board has discretion on how they create value.
> public benefit corporation > The board has discretion on how they create value.
It does not make much of a difference. If the investors don't get their investment returned with interest (as $$$), the majority of them are not going to invest further. That is from the set of investors who invest based on the companies ethical stand, which is probably only a small fraction of all the investments it has received.