Re: rPI Goes Public

From	Pancho <Pancho.Jones@proton.me>
Newsgroups	comp.os.linux.misc
Subject	Re: rPI Goes Public
Date	2024-06-15 00:16 +0100
Organization	A noiseless patient Spider
Message-ID	<v4ij11$33ig4$2@dont-email.me> (permalink)
References	(2 earlier) <wwvr0d0g5la.fsf@LkoBDZeT.terraraq.uk> <v4fgrm$2cbhf$1@dont-email.me> <v4g2eq$2hm97$1@dont-email.me> <v4gsge$2phal$1@dont-email.me> <wwvcyojx6af.fsf@LkoBDZeT.terraraq.uk>

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On 14/06/2024 09:44, Richard Kettlewell wrote:
> Pancho <Pancho.Jones@proton.me> writes:
>> On 14/06/2024 01:21, Lawrence D'Oliveiro wrote:
>>> On Thu, 13 Jun 2024 20:21:25 +0100, Pancho wrote:
>>>> My point was that The Raspberry Pi Foundation is a charity.
>>> That’s not the company that has gone public.
>>
>> The Raspberry Pi Foundation and Raspberry Pi Ltd (Or whatever it is
>> called) are intimately linked. Raspberry Pi Ltd is a subsidiary.
> 
> Raspberry Pi Holdings plc. 49% owned by the foundation if I’m reading
> the prospectus correctly.
> 

Ok, Raspberry Pi Ltd was a subsidiary until a few days ago. Up until 
that point, the Raspberry Pi foundation owned ~75% and was effectively 
in control.

>> So the Raspberry Pi Foundation now has a large share of an asset worth
>> 100s of millions. Shares that are easily convertible into cash. The
>> people who control Raspberry Pi Foundation have control over the
>> shares in Raspberry Pi Ltd.
>>
>> People who control charities have a number of ways to enrich
>> themselves. Paying themselves large salaries is one way, employee
>> share ownership schemes are another.
> 
> You can look up the salaries for the senior staff in the prospectus, if
> you want. Personally I don’t think they’re unreasonable in context.
> 

We will see what happens to the salaries now.

But, as I said, there are a number of ways to enrich themselves. Prior 
to the IPO ~15% of Raspberry Pi Limited was held by an employee trust.

>> Both of these methods are influenced by the perceived value of the
>> organisation. They will tell you they are growing the value of the
>> charity for the good of humanity, but they coincidentally get rich in
>> the process.
> 
> Personally I think the people behind the Pi deserve to get rich, they’ve
> made a product that’s both practically and socially useful.
>

Yes, someone has done a good job, I'm not sure who that is exactly. 
However, I don't think charities are appropriate vehicles for self 
enrichment. If that was their goal, they should  have formed a normal 
company.

In my experience, it is often the case that the people responsible for 
the success of a company are not the ones who control the business side, 
but the business side take more than a lions share of the profit.

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Thread

rPI Goes Public "26xh.0717" <26xh.0718@e6t4y.net> - 2024-06-11 22:00 -0400
  Re: rPI Goes Public Andy Burns <usenet@andyburns.uk> - 2024-06-12 07:18 +0100
    Re: rPI Goes Public Richard Kettlewell <invalid@invalid.invalid> - 2024-06-12 08:26 +0100
  Re: rPI Goes Public Lawrence D'Oliveiro <ldo@nz.invalid> - 2024-06-12 07:19 +0000
  Re: rPI Goes Public Pancho <Pancho.Jones@proton.me> - 2024-06-12 08:31 +0100
    Re: rPI Goes Public Lawrence D'Oliveiro <ldo@nz.invalid> - 2024-06-12 07:51 +0000
      Re: rPI Goes Public Pancho <Pancho.Jones@proton.me> - 2024-06-12 12:14 +0100
        Re: rPI Goes Public "26xh.0717" <26xh.0718@e6t4y.net> - 2024-06-14 09:53 -0400
    Re: rPI Goes Public Richard Kettlewell <invalid@invalid.invalid> - 2024-06-13 17:39 +0100
      Re: rPI Goes Public Pancho <Pancho.Jones@proton.me> - 2024-06-13 20:21 +0100
        Re: rPI Goes Public Lawrence D'Oliveiro <ldo@nz.invalid> - 2024-06-14 00:21 +0000
          Re: rPI Goes Public Pancho <Pancho.Jones@proton.me> - 2024-06-14 08:46 +0100
            Re: rPI Goes Public Lawrence D'Oliveiro <ldo@nz.invalid> - 2024-06-14 08:21 +0000
            Re: rPI Goes Public Richard Kettlewell <invalid@invalid.invalid> - 2024-06-14 09:44 +0100
              Re: rPI Goes Public Pancho <Pancho.Jones@proton.me> - 2024-06-15 00:16 +0100
                Re: rPI Goes Public Richard Kettlewell <invalid@invalid.invalid> - 2024-06-15 10:14 +0100
                Re: rPI Goes Public not@telling.you.invalid (Computer Nerd Kev) - 2024-06-16 09:56 +1000
                Re: rPI Goes Public Richard Kettlewell <invalid@invalid.invalid> - 2024-06-17 07:36 +0100
                Re: rPI Goes Public "26xh.0712" <26xh.0713@e6t5y.net> - 2024-06-28 00:18 -0400
                Re: rPI Goes Public rbowman <bowman@montana.com> - 2024-06-28 17:32 +0000
                Re: rPI Goes Public Bobbie Sellers <blissInSanFrancisco@mouse-potato.com> - 2024-06-28 10:48 -0700
                Re: rPI Goes Public rbowman <bowman@montana.com> - 2024-06-28 17:56 +0000
                Only you have the power (Was: rPI Goes Public) Lew Pitcher <lew.pitcher@digitalfreehold.ca> - 2024-06-28 18:00 +0000
                Re: Only you have the power (Was: rPI Goes Public) rbowman <bowman@montana.com> - 2024-06-29 07:24 +0000
                Re: Only you have the power (Was: rPI Goes Public) Lew Pitcher <lew.pitcher@digitalfreehold.ca> - 2024-06-29 12:30 +0000
                Re: rPI Goes Public Andy Burns <usenet@andyburns.uk> - 2024-06-28 21:04 +0100
                Re: rPI Goes Public The Natural Philosopher <tnp@invalid.invalid> - 2024-06-29 10:25 +0100
                Re: rPI Goes Public Lew Pitcher <lew.pitcher@digitalfreehold.ca> - 2024-06-29 12:35 +0000
                Re: rPI Goes Public rbowman <bowman@montana.com> - 2024-06-29 17:48 +0000
                Re: rPI Goes Public The Natural Philosopher <tnp@invalid.invalid> - 2024-06-29 10:21 +0100
                Re: rPI Goes Public Bud Frede <frede@mouse-potato.com> - 2024-07-01 07:10 -0400
                Re: rPI Goes Public Bobbie Sellers <blissInSanFrancisco@mouse-potato.com> - 2024-06-28 13:35 -0700
                Re: rPI Goes Public "26xh.0712" <26xh.0713@e6t5y.net> - 2024-06-29 01:02 -0400
                Re: rPI Goes Public rbowman <bowman@montana.com> - 2024-06-29 07:11 +0000
                Re: rPI Goes Public D <nospam@example.net> - 2024-06-29 22:11 +0200
                Re: rPI Goes Public "26xh.0712" <26xh.0713@e6t5y.net> - 2024-07-02 03:00 -0400
                Re: rPI Goes Public D <nospam@example.net> - 2024-07-02 11:47 +0200
                Re: rPI Goes Public "26xh.0712" <26xh.0713@e6t5y.net> - 2024-07-02 02:55 -0400
                Re: rPI Goes Public The Natural Philosopher <tnp@invalid.invalid> - 2024-06-29 10:20 +0100
                Re: rPI Goes Public Pancho <Pancho.Jones@proton.me> - 2024-06-17 00:35 +0100
        Re: rPI Goes Public Richard Kettlewell <invalid@invalid.invalid> - 2024-06-14 09:34 +0100
          Re: rPI Goes Public Pancho <Pancho.Jones@proton.me> - 2024-06-15 00:15 +0100

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