Post #1365383
2022-12-16 19:14 UTC
Yesterday, the Board learnt that the financial balance that MIT is offering is actually much worse than previously stated due to additional liabilities that MIT has only just informed us of.
Except with a drastic reduction in staff, W3C would not have enough money to make it to the end of January based on the proposed agreement. And even then it would be unlikely to make it through Q1.
Replies (1)
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@robin@mastodon.social 2022-12-16 19:16
At this point it looks like we will not have an operational W3C nonprofit on Jan 1. Every Director will vote their conscience, but it seems likely that the asset transfer will be rejected, leaving MIT responsible for its contracts with W3C Members (for which they have paid). No one knows what happens then.