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The People's Floperator|first=Steven|last=Frazer|work=Shares Magazine|date=September 30, 2016|accessdate=April 25, 2017}}</ref> Wales became the Chairman of TPO's Board of Directors upon the death of its founder, [[Andrew Rosenfeld]] on February 8, 2015. Wales then ran TPO into the ground while drawing an impressive salary. On January 25, 2017, Wales stepped down from leading TPO.<ref>http://www.investegate.co.uk/the-people-soperator--tpop-/rns/board-changes--subscription---trading-update/201701250700070218V/</ref>
The People's Floperator|first=Steven|last=Frazer|work=Shares Magazine|date=September 30, 2016|accessdate=April 25, 2017}}</ref> Wales became the Chairman of TPO's Board of Directors upon the death of its founder, [[Andrew Rosenfeld]] on February 8, 2015. Wales then ran TPO into the ground while drawing an impressive salary. On January 25, 2017, Wales stepped down from leading TPO.<ref>http://www.investegate.co.uk/the-people-soperator--tpop-/rns/board-changes--subscription---trading-update/201701250700070218V/</ref>
In order to replace TPO as his source of income, in April 2017, Wales decided to found a for-profit news organization, WikiTribune. According to the BBC, "Mr Wales said he would be '100% hands-on' with the project in its early stages and would be likely to serve as Wikitribune's chief executive for at least a year."<ref name=bbc1>{{cite news|url=https://www.bbc.com/news/technology-39695767|title=Wikipedia's Jimmy Wales creates news service Wikitribune|work=BBC|date=April 25, 2017|accessdate=May 16, 2017}}</ref> In addition to paying Wales a salary, WikiTribune will hire ten professional journalists and also work with volunteer editors and fact checkers. Unlike Wikipedia which is owned by the non-profit Wikimedia Foundation, WikiTribune is owned by Jimmy Wales Ltd, a private company. WikiTribune is being financed by crowd-sourcing with both startup donations and pledges of monthly subscription payments. Because of the obvious conflict between WikiTribune and The Guardian, Wales was forced to resign from the Guardian's board, where he had been serving for one year.<ref>{{cite news|url=https://www.telegraph.co.uk/business/2017/04/25/wikipedia-co-founder-jimmy-wales-exits-guardian-board-conflict/|title=Wikipedia co-founder Jimmy Wales exits Guardian board over conflict of interest with Wikitribune news site |work=The Telegraph|date=April 25, 2017|accessdate=May 16, 2017}}</ref> To date, he has not been forced to resign from either the WMF Board or the Tide Foundation's WMF Endowment Advisory Board. Wales' advisors on WikiTribune include: Silicon Valley venture capitalist Guy Kawasaki,
In order to replace TPO as his source of income, in April 2017, Wales decided to found a for-profit news organization, WikiTribune. According to the [[British Broadcasting Corporation|BBC]], "Mr Wales said he would be '100% hands-on' with the project in its early stages and would be likely to serve as Wikitribune's chief executive for at least a year."<ref name=bbc1>{{cite news|url=https://www.bbc.com/news/technology-39695767|title=Wikipedia's Jimmy Wales creates news service Wikitribune|work=BBC|date=April 25, 2017|accessdate=May 16, 2017}}</ref> In addition to paying Wales a salary, WikiTribune will hire ten professional journalists and also work with volunteer editors and fact checkers. Unlike Wikipedia which is owned by the non-profit Wikimedia Foundation, WikiTribune is owned by Jimmy Wales Ltd, a private company. WikiTribune is being financed by crowd-sourcing with both startup donations and pledges of monthly subscription payments. Because of the obvious conflict between WikiTribune and ''[[The Guardian]]'', Wales was forced to resign from ''The Guardian'''s board, where he had been serving for one year.<ref>{{cite news|url=https://www.telegraph.co.uk/business/2017/04/25/wikipedia-co-founder-jimmy-wales-exits-guardian-board-conflict/|title=Wikipedia co-founder Jimmy Wales exits Guardian board over conflict of interest with Wikitribune news site |work=The Telegraph|date=April 25, 2017|accessdate=May 16, 2017}}</ref> To date, he has not been forced to resign from either the WMF Board or the Tide Foundation's WMF Endowment Advisory Board. Wales' advisors on WikiTribune include: Silicon Valley venture capitalist Guy Kawasaki,
Journalism lecturer Prof Jeff Jarvis,
Journalism lecturer Prof Jeff Jarvis,
US law professor Larry Lessig, and
US law professor Larry Lessig, and