[Edit: Rob Glenhill responded below that the CC didn’t encourage offboarding projects and that this is not being done because of any possible anticipated action by the CC. Retaining my original comment text below, in strikeout, for the record.]
One possible explanation is that this change is motivated by statements from the Charity Commission, or concerns about what the CC might do as a result of its inquiry. I don’t expect Zach or others at EV could comment on that, so I would not update as a result of their silence on that point.
There are a number of reasons that could motivate the spinoffs, so it is difficult to estimate the probability that CC issues were at least a motivating factor. I don’t think we can do much more than observe that this would be a rational—maybe even a likely—response to significant expected action by the CC.
The Charity commission didn’t encourage us to offboard projects, and we aren’t off-boarding projects because of anything that we anticipate the Charity Commission might do.
Thanks, Rob. I was hoping someone would be able to rule this out—I didn’t actually ask for a response out of concern that people might read a negative inference into a non-response. (There could be very valid reasons for not responding, whether or not there were CC influence on the decision). I struck out the text of my original comment above.
[Edit: Rob Glenhill responded below that the CC didn’t encourage offboarding projects and that this is not being done because of any possible anticipated action by the CC. Retaining my original comment text below, in strikeout, for the record.]
Onepossibleexplanation is that this change is motivated by statements from the Charity Commission, or concerns about what the CC might do as a result of its inquiry. I don’t expect Zach or others at EV could comment on that, so I would not update as a result of their silence on that point.There are a number of reasons that could motivate the spinoffs, so it is difficult to estimate the probability that CC issues were at least a motivating factor. I don’t think we can do much more than observe that this would be a rational—maybe even a likely—response to significant expected action by the CC.The Charity commission didn’t encourage us to offboard projects, and we aren’t off-boarding projects because of anything that we anticipate the Charity Commission might do.
Thanks, Rob. I was hoping someone would be able to rule this out—I didn’t actually ask for a response out of concern that people might read a negative inference into a non-response. (There could be very valid reasons for not responding, whether or not there were CC influence on the decision). I struck out the text of my original comment above.