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Microsoft - keep your filthy hands off Valve, leak shows MSFT would buy Valve
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this post was submitted on 22 Sep 2023
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Well, the idea is you can do something else with the money instead of it being tied up with that company. You could start another venture if you want to. I'm pretty sure Valve is what he wants to be doing though, so starting a different company isn't really something he'd want to do.
Even if he doesn't want to run it, doesn't mean it has to be sold to another company. It can just keep on being a private company with a new handpicked leader. There's no upside to selling for Gabe. After he passes however... all bets are off.
depends who he passes ownership to. it could be a bunch of inheriters who have no interest in owning/running it and it will be forced to sell off to split shares out. or maybe he gifts it to a single person he sees as a successor. who knows, i dont know shit about his family so have no idea
I would trust Gabe's judgement 100%. Dude runs one of the most pro-consumer companies in history. In doing so, he has built a fiercely loyal fan base by simply being good to his customers; not trying to squeeze them for every single cent.
Gabe is a rarity; part of a bygone era of business owners and software engineers who truly care about their projects and want to build things that they themselves want to use and play. He's a smart man and Valve has been his baby since he left Microsoft. He'll make sure it's in good hands when and if retirement comes calling.
third option is he sets up some kind of foundation or trust arrangement and testaments his shares to that trust, which is then run by board of trustees as per trust charter. Usually meaning "well board of trustees is entrusted to see to the continued profitable management of the company by selecting suitable new management as comes necessary" combined with possible whatever extra instructions there is as to how to and underwhat principles the company is to be run.
Be it either private trust to benefit the descendants/described beneficiaries or a charitable trust with funds to be used for charitable causes.
Family trusts aren't that unheard of to exactly avoid the splintering of the ownership and thus risk take over bit by bit.