I asked Prof. Bainbridge whether I could cross-post this from Corporate Finance Lab, and he kindly agreed: What is the purpose of a corporation? Is it, as Nobel Economics laureate Milton Friedman ...

ChatGPT-maker OpenAI is working on a plan to restructure its core business into a for-profit benefit corporation that will no longer be controlled by its non-profit board, people familiar with the ...

Comerica reports business owners must prioritize retirement planning amid rising contribution limits and tax benefits to ...

OpenAI says its corporate structure must evolve to advance its mission of ensuring artificial general intelligence (AGI) — AI that can complete most tasks humans can — benefits all humanity. The ...

The U.S. Postal Service recorded a fiscal 2022 net profit of $56.0 billion, after a loss of $4.9 billion in the same period a year ago, due primarily to a one-time benefit of $57.0 billion recorded ...