this post was submitted on 05 Jan 2024
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[–] [email protected] 2 points 10 months ago

Not sure, whether this is possible in the US and how to correctly translate that...

A company in the area where I live had a founder, that feared, that his company might change to a new (more capitalistic/ "evil"/generic) corporate culture, when he would eventually step down and some other manager takes over. So, when he resigned, he transferred all his shares I to a trust? foundation? endowment? to make sure his vision and culture stays with the company as this legal entity enforces it.