Amazon.com (AMZN)-backed Anthropic is targeting a structure that gives Chief Executive Officer Dario Amodei and his six co-founders collective voting control in most corporate matters, The Information reported Thursday, citing people familiar with the planning.
Under this arrangement, the co-founders will have combined voting power of 50.1% as long as three co-founders retain a minimum number of shares in Anthropic, an unnamed source told the news outlet.
Anthropic is seeking shareholders' approval to grant a special class of stock that would give this power to its co-founders, per the news report. However, the firm's Long-Term Benefit Trust, a group of non-shareholders, will still appoint a majority of the board, the news report said.
Its employees will likely serve as tie-breakers on some corporate issues using a special class of stock, two of the people told The Information.
Anthropic and Amazon did not immediately respond to an MT Newswires request for comment.
(Market Chatter news is derived from conversations with market professionals globally. This information is believed to be from reliable sources but may include rumor and speculation. Accuracy is not guaranteed.)
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