andy1011000 Proton CEO posted:
āPeople honestly seem to forget that I live in Switzerland, where Republican/Democrat doesnāt mean anything, and Trump isnāt even on our ballot to be voted forā¦ā
Onyx376. replied:
āThe point is that fighting for a more just and equal society is not just about fighting for the fundamental right to privacy but also for all other fundamental rights, including individual rights and life. When you, as the CEO of a company that starts from these principles, nod positively to whatever action a political figure like Trump, who is known for always flagrantly putting his private interests ahead of those of his own nation, makes speeches about eliminating minorities, hurting their rights as citizens and flirting with Nazi movements, it is understandable that members of the privacy community are disappointed as this reveals a little about who is being the face of a company that should follow contrary principles. But now we really know what āfreedomā means to you.ā
Point of order: not the CEO, a board member. Doesnāt change a ton but worth noting.
Proton AG is kinda complicated.
So its majority shareholder is the Proton Foundation, a non-profit. Andy Yen is one of five members of the Proton Foundation. But Proton AG is still a for-profit corporation, and it still has a CEO. Andy Yen is the CEO of Proton AG.
Basically:
Proton AG (owns every Proton service) = For Profit
Itās Shareholders are:
- Proton Foundation (majority share) (Non-Profit)
- FONGIT (the Fondation Genevoise pour lāInnovation Technologique) (Iām pretty sure this is also a non-profit)
And within the Proton Foundation, is the five members of the board of trustees, one of them is Andy Yen. And its apparant that the board of the Proton Foundation has appointed one of its members, Andy Yen, as the CEO of Proton AG.
This actually confusing for me as well, but the TLDR is, Andy Yen is both a member of the board at Proton Foundation, and simultaneously the CEO of Proton AG.
Talk about a conflict of interests. How can he uphold a non-profit and a for profit role mission at the same time? (Spoilers: he canāt) it completely contradicts the reason why the foundation and the company are different entities. They should be a counterweight to each other. This is like the same politician being president, head of Parliament, and Supreme court judge. At that point you have monarchy with extra steps.
Iām not an expert, but I think the idea is that:
Proton AG is a for-profit to maximize revenue for Proton Foundation, the non-profit that owns (a majority of) Proton AG.
Meaning, although its technically āfor-profitā, but because its owned by non-profits, its not like Andy Yen can just put the money in directly in his pocket. The most he can do is try to get the majority shareholder (aka the Proton Foundation Board) to give him a raise as CEO, but becauase Proton AG is owned by a non-profit, theres probably some legal limit to whatās considered āreasonableā, since otherwise you have a loophole where a non-profit can be explited for personal profits (Iām sure swiss law isnāt so lenient like the US).
The āprofitsā directly go to Proton Foundation to (supposedly) advance their goal of bringing more privacy to the world, if the board members start stealing funds, the swiss government might step in and remove them from the board (remember, its a non profit, they are on the board as a ātruesteeā not owners), and possibly jail time for mis-using Non-Profit funds.
