this post was submitted on 17 Mar 2026
508 points (98.7% liked)
Technology
82745 readers
3716 users here now
This is a most excellent place for technology news and articles.
Our Rules
- Follow the lemmy.world rules.
- Only tech related news or articles.
- Be excellent to each other!
- Mod approved content bots can post up to 10 articles per day.
- Threads asking for personal tech support may be deleted.
- Politics threads may be removed.
- No memes allowed as posts, OK to post as comments.
- Only approved bots from the list below, this includes using AI responses and summaries. To ask if your bot can be added please contact a mod.
- Check for duplicates before posting, duplicates may be removed
- Accounts 7 days and younger will have their posts automatically removed.
Approved Bots
founded 2 years ago
MODERATORS
you are viewing a single comment's thread
view the rest of the comments
view the rest of the comments
A PBC still has outside equity owners who need returns and have voting power. The designation gives the board permission to weigh stakeholder interests to avoid lawsuit, but: 1) it doesn’t change what the investors who funded the company actually need from it, and 2) it doesn’t change the fact that those investors own the equity and can replace the board if they’re unhappy.
As the other person mentioned, the problem with our current system capitalism is they still need to know someone “with tens of millions of dollars to burn.” Someone who, once they own a controlling interest, can just replace the board with people who prioritize returns. If we lived under socialism, those tens of millions of dollars would just come from the state as a low-interest loan that doesn’t confer control.
Thanks for the info!