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Yesterday I obtained Anthropic's[1] Certificate of Incorporation, and its past versions, from the State of Delaware. I don't recommend reading it.[2] This post is about what the CoI tells us about Anthropic's Long-Term Benefit Trust (context: Maybe Anthropic's Long-Term Benefit Trust is powerless).
Tl;dr: the only new information of moderate importance is the voting thresholds necessary to modify Trust stuff. My concerns all still stand in some form. Absence of badness is a small positive update.
Anthropic has vaguely described stockholders' power over the Trust:
a series of "failsafe" provisions . . . allow changes to the Trust and its powers without the consent of the Trustees if sufficiently large supermajorities of the stockholders agree. The required supermajorities increase as the Trust's power phases in
The CoI has details: amending the CoI to modify the Trust requires a vote reaching the "Transfer Approval Threshold," defined as:
(1) prior to [...]
The original text contained 6 footnotes which were omitted from this narration.
---
First published:
Source:
Narrated by TYPE III AUDIO.
Yesterday I obtained Anthropic's[1] Certificate of Incorporation, and its past versions, from the State of Delaware. I don't recommend reading it.[2] This post is about what the CoI tells us about Anthropic's Long-Term Benefit Trust (context: Maybe Anthropic's Long-Term Benefit Trust is powerless).
Tl;dr: the only new information of moderate importance is the voting thresholds necessary to modify Trust stuff. My concerns all still stand in some form. Absence of badness is a small positive update.
Anthropic has vaguely described stockholders' power over the Trust:
a series of "failsafe" provisions . . . allow changes to the Trust and its powers without the consent of the Trustees if sufficiently large supermajorities of the stockholders agree. The required supermajorities increase as the Trust's power phases in
The CoI has details: amending the CoI to modify the Trust requires a vote reaching the "Transfer Approval Threshold," defined as:
(1) prior to [...]
The original text contained 6 footnotes which were omitted from this narration.
---
First published:
Source:
Narrated by TYPE III AUDIO.
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