Anthropic pays each member of its Long-Term Benefit Trust $400,000 per year, with an additional $25,000 for the chair, according to its S-1 filing. The company set aside $8.425 million to fund the trust through September 30, 2026. With four trustees and one vacant seat, the body can elect a majority of the board over time through Class T shares. As Anthropic approaches an IPO that could value the company at $2 trillion, this governance structure is drawing increasing scrutiny from investors.
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