Date: Fri, 31 Dec 1999 14:52:53 -0700 From: Brett Glass <brett@lariat.org> To: Jonathon McKitrick <jcm@dogma.freebsd-uk.eu.org> Cc: Jesse Tilly <jtilly@gw.total-web.net>, Will Andrews <andrews@TECHNOLOGIST.COM>, Gorden Fischer <gfish123@pacbell.net>, chat@FreeBSD.ORG Subject: Re: If FreeBSD goes public (Was: Will FreeBSD ever goes public?) Message-ID: <4.2.2.19991231145019.01906890@localhost> In-Reply-To: <Pine.BSF.4.21.9912312057550.1450-100000@dogma.freebsd-uk.e u.org> References: <4.2.0.58.19991231132328.0187cc50@localhost>
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At 01:58 PM 12/31/1999 , Jonathon McKitrick wrote: >On Fri, 31 Dec 1999, Brett Glass wrote: > > > >It's actually even worse than that. By LAW, a publicly traded company > >has one and only one legitimate goal: to make money for its stockholders. > >That's it. Period. If this goal can be better served via the production > >of lower quality software, or by shipping too quick, so be it; the > >directors and executives are liable if they don't do it. > >Well, *i'm* convinced! Stay private! No question about it! >-=> jm <=- There is, however, another option that probably SHOULD be exercised: namely, to incorporate as a non-profit organization. While a software development group can't qualify as a 501(c)(3) (a public charity), it CAN qualify as a 501(c)(4) (social group), a 501(c)(6) (trade association), or a 501(c)12 (miscellaneous mutual benefit society). All such groups can act on principle rather than to maximize profit. --Brett To Unsubscribe: send mail to majordomo@FreeBSD.org with "unsubscribe freebsd-chat" in the body of the message
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