this post was submitted on 17 Aug 2024
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Proton is transitioning towards a non-profit structure | Proton (proton.me)
submitted 2 months ago by just_another_person@lemmy.world to c/technology@lemmy.world
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[–] lemming741@lemmy.world 9 points 2 months ago (2 children)

Non-profit doesn't mean that no one makes money. But it does mean they pay less taxes. If the C suite is full of funders, you can pay them in bonuses.

https://www.charitywatch.org/nonprofit-compensation-packages-of-1-million-or-more

[–] Aatube@kbin.melroy.org 3 points 2 months ago

It does mean that there are no shareholders and you have to be "limited in powers".

[–] jatoo@lemmy.world 2 points 2 months ago (1 children)

This was a disappointing realisation about "Open"AI.

[–] lemming741@lemmy.world 2 points 2 months ago

They have two divisions and only one is "open"