Non-profits make profit all the time. The key difference between a for-profit and a non-profit is that a for-profit company takes that money and gives it to its owners, and a non-profit is legally required to reinvest that money in its organization or missions.
Of course, non-profits can also do shitty things like nepo hires with vastly inflated salaries, throw parties and extravagant galas for “fundraising” and spent almost nothing on the charity aspect.
This is why lots of rich fucks setup their own “philanthropy” organizations. They can dump their wealth into tax free and pay themselves and their heirs ungodly sums while paying for villas/jets/etc from the untaxed non-profit.
Correct? Those two are indeed separate countries with separate laws.
My explanation of the above was just a general breakdown about how nonprofit and for-profits differ. It was certainly US centric, if that’s your critique.
If your want to be hard headed about this, that’s your problem.
Yan isn’t the only guy on the board of directors. The others are pretty fucking credible and knowledgeable people on the topic of privacy. They all make the decisions togetherness. And im pretty certain they’ll have the last word and steer Proton in the right direction.
And again, no, it’s not because they have a free tier that they’ll collect and sell your private information. That goes against the core value of Proton and its directors.
Non-profits make profit all the time. The key difference between a for-profit and a non-profit is that a for-profit company takes that money and gives it to its owners, and a non-profit is legally required to reinvest that money in its organization or missions.
Of course, non-profits can also do shitty things like nepo hires with vastly inflated salaries, throw parties and extravagant galas for “fundraising” and spent almost nothing on the charity aspect.
This is why lots of rich fucks setup their own “philanthropy” organizations. They can dump their wealth into tax free and pay themselves and their heirs ungodly sums while paying for villas/jets/etc from the untaxed non-profit.
Switzerland is not the us though
Correct? Those two are indeed separate countries with separate laws.
My explanation of the above was just a general breakdown about how nonprofit and for-profits differ. It was certainly US centric, if that’s your critique.
How about you go read about the foundation before making any judgements.
https://proton.me/foundation
I’m well aware of the foundation, and the fact that they have left him on the board with zero consequences or controls.
Stating your ethics and then not enforcing them makes the statement pointless.
If your want to be hard headed about this, that’s your problem.
Yan isn’t the only guy on the board of directors. The others are pretty fucking credible and knowledgeable people on the topic of privacy. They all make the decisions togetherness. And im pretty certain they’ll have the last word and steer Proton in the right direction.
And again, no, it’s not because they have a free tier that they’ll collect and sell your private information. That goes against the core value of Proton and its directors.
“State your ethics and then stand by them” is being hard headed?
When the above is a bar too high for you to reach, that’s a you problem, mate.
You said
Explain to me what ethics did they not enforce?
Hint: none.