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The secret succession rankings that Anthropic shareholders will never see (unless the company is ordered)

The secret succession rankings that Anthropic shareholders will never see (unless the company is ordered)

Photo: Insider

Anthropic has devised an unusual way for its founders to pass on their power. In its IPO filings, Anthropic outlined how seven of its cofounders, who collectively have 50.1% of voting control, will be able to create a ranked list of who they'd like to inherit their power in the event of their death or incapacitation. What's particularly notable is that while the names would be shared with the other LLC members and Anthropic's Nominating Committee, they are otherwise contractually confidential and generally not public. Anthropic CEO Dario Amodei, Anthropic President Daniela Amodei, and the five other LLC members will review and vote on whether to approve their fellow founders' proposed successors, but the names will likely never be seen by other shareholders.

Also reported by Business Insider.

First reported by Insider. This page is a short excerpt; the full text is theirs.

Read the full story at Insider

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