Comment by sevengraff
4 hours ago
The article is mostly about how this trust is powerful and there are very few details of how it operates or under what circumstances it would take an action. When Anthropic goes public, is that the kind of thing that would need to be disclosed? Would we expect to know all the details of the trust?
No.
Eh, not sure I agree here.
> It can seat four members of Anthropic’s seven-member board, and dismiss them without cause.
Good luck without a risk factor and description of that thing in the prospectus the first time that authority is invoked on a public company.
Similar language is in spacex's IPO but with musk setting the agenda and not shareholders and it flew just fine.
Market seems to tolerate bullshit better than I expected
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If not now for the IPO, why would they be compelled by investors to do it later as you imply?
Trusts are not a new mechanism.
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