Anthropic's IPO governance gives common shareholders little board control
AIAnthropic's governance gives founders 50.1% of voting power over three board seats, and a Long Term Benefit Trust elects and removes a board majority through Class T directors. Common shareholders have little say over most major decisions, and the founders' control ends ten years after the IPO or when fewer than three of them remain.
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TechCrunch · AI · Tim Fernholz · techcrunch.comPublished · added here
Original title: Who’s really in charge at Anthropic after the IPO?