# Anthropic's IPO governance gives common shareholders little board control

> Original title: Who’s really in charge at Anthropic after the IPO?

- Source: TechCrunch · AI
- Published: 2026-10-27T21:38:28.000Z
- Bad Influence: https://badinfluence.news/items/cvt33laxhnzaljltgxtpwrsk5
- Original: https://techcrunch.com/2026/10/27/whos-really-in-charge-at-anthropic-after-the-ipo/

## Summary

Anthropic'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.