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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 (mastodon.xyz)

submitted 11 months ago by [email protected] to c/[email protected]

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[–] [email protected] 14 points 11 months ago (1 children)

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.

[–] [email protected] 3 points 11 months ago (2 children)

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.

[–] [email protected] 1 points 11 months ago

They aren't. Not for open AI.

[–] [email protected] 1 points 11 months ago (1 children)

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.

[–] [email protected] 3 points 11 months ago

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.