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.
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.