Post #1365381
2022-12-16 19:11 UTC
MIT clearly appears to be negotiating with the expectation that they can get away with whatever, and with no care for the consequences.
On November 17 we saw terms that were unfair in that they made W3C carry the cost of MIT’s questionable accounting practices and failed to honour prior agreements, but that came with sufficient funds to support the continuation of W3C Inc.
Replies (1)
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@robin@mastodon.social 2022-12-16 19:12
Right before the Board's December 10-12 meeting, we received a draft contract from MIT with a worse offer. It transferred liabilities much higher than the assets that came with and significantly decreased the funds that W3C would receive. This jeopardised the Consortium’s viability but we sought to continue negotiating in good faith and looked for options to accelerate revenue to avoid cash flow issues.