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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 9 months ago by [email protected] to c/[email protected]

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[–] [email protected] 3 points 9 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 9 months ago

They aren't. Not for open AI.

[–] [email protected] 1 points 9 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 9 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.