Amazing how employees can join together to force an entire board to resign in the interests of their CEO, but as soon as it’s about their own interests that’s absurd and naive
Amazing how employees can join together to force an entire board to resign in the interests of their CEO, but as soon as it’s about their own interests that’s absurd and naive
Amazing how employees can immediately join together in collective action to force an entire board to resign in the interests of their CEO (I’m talking about OpenAI), but as soon as it’s about their own interests that’s absurd and naive. #union
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I am very skeptical that's even what happened, but I can't find any articles frankly explaining what happened. For one thing, three board members were replaced. How? I mean that very literally. If the three who left simply resigned, some mechanism must have been employed to select and empower the replacements. And yet the article I just linked doesn't explain the machanism in any way.
The article I linked makes it clear at least one of the three, Sutskever, didn't sinply resign. He was removed. How was he removed? It is a mystery.
All I want is for someone to lay out what happened. I doubt I will get what I want.
Board members are selected by the shareholders. In this case Microsoft owns 49% of the company, so they probably had something to do with it.
They aren't. Not for open AI.
The board governs the open Ai ngo not the for profit, which allows investment, though the ngo owns the for profit.
So any investment in the for profits doesn't necessarily impact the board.
An article from before the CEO returned:
https://www.nytimes.com/2023/11/21/business/dealbook/openai-corporate-governance-altman-board.html
Reports suggest that, despite the prospect of investors suing over the board’s actions, the resolve of the remaining three directors has hardened — and if OpenAI fails, so be it.