Anthropic’s founders seek voting control ahead of IPO
Anthropic is asking its shareholders to approve a structure that would give its seven co-founders a combined 50.1% of the vote on most corporate matters.
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Anthropic's founders are seeking shareholder approval for a special share structure that would give CEO Dario Amodei and his six co-founders combined voting control of 50.1% on most corporate matters once the company goes public, provided at least three of them maintain a minimum stake. The founders own only 2% of the company each and have pledged to give away 80% of their wealth, so these new shares carry no extra economic value but preserve their control after the IPO. Super-voting shares are not new, having been used by other tech leaders to maintain control of their companies, though the group approach here is unusual. The arrangement includes additional checks: Anthropic's Long-Term Benefit Trust would still choose most board members, the founders' board seats would increase from two to three, and employees would receive stock to break ties on certain issues.
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