Even more true given the mixture of the regularity of extremely high executive compensation in non-profits paired alongside the distribution of revenue through extremely inefficient contracting.
For an example of the former, the previous head head of Mozilla received a compensation that rose from about 2 million a year to nearly 7 million a year following hundreds of layoffs due to declining revenues. For an example of the latter, following the earthquake in Haiti, the American Red Cross raised nearly half a billion dollars. After all was said and done, they built a total of 6 homes. [1]
Basically, non-profit is a tax-status with conditions. But those conditions are sufficiently unenforceable or side steppable that it's ultimately just a tax status. And the whole game of OpenAI being nonprofit until profits started rolling in is just making this even more clear.
alt Hacker News
Even more true given the mixture of the regularity of extremely high executive compensation in non-profits paired alongside the distribution of revenue through extremely inefficient contracting.
For an example of the former, the previous head head of Mozilla received a compensation that rose from about 2 million a year to nearly 7 million a year following hundreds of layoffs due to declining revenues. For an example of the latter, following the earthquake in Haiti, the American Red Cross raised nearly half a billion dollars. After all was said and done, they built a total of 6 homes. [1]
Basically, non-profit is a tax-status with conditions. But those conditions are sufficiently unenforceable or side steppable that it's ultimately just a tax status. And the whole game of OpenAI being nonprofit until profits started rolling in is just making this even more clear.
[1] - https://www.propublica.org/article/how-the-red-cross-raised-...