Tech firms like OpenAI face governance scrutiny over dual-class shares, which concentrate founder control.

Tech firms like OpenAI with dual-class shares let founders keep big control, raising governance concerns as tech reliance grows. Critics, like B Lab co-founder Andrew Kassoy, warn this could misalign founders with shareholders and harm society. Kassoy suggests a "purpose trust" to protect the company’s mission. The FTX founder's downfall highlights risks. While dual-class shares can aid long-term decisions, they pose risks if not managed well, potentially affecting society and the company's goals.

November 10, 2024
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