Aswath Damodaran Criticizes Anthropic Governance and Voting Structure

29 Oct 2026, 2:51 pm · 3h ago · 1 min read · OfficeChai

NYU Stern finance professor Aswath Damodaran has strongly criticized Anthropic's public benefit corporation setup and dual-class voting design ahead of its anticipated IPO. Damodaran argued that the AI startup's governance structure heavily insulates management and board members from shareholder accountability under the guise of AI safety and ethical stewardship. The critique highlights growing scrutiny over how frontier artificial intelligence companies structure equity, public benefit mandates, and voting control while seeking massive public market valuations. Details on Anthropic's specific public offering timeline and corporate charter provisions remain under active industry debate.