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Today’s lesson, keep multiple board seats None of the tech giants would be where they are today if they didn't ram through unique versions of control Their bo
by yieldcrv 3y ago
Today’s lesson, keep multiple board seats
None of the tech giants would be where they are today if they didn't ram through unique versions of control
Their boards or shareholders would have ousted every FAANG CEO at less palatable parts of the journey
- cedws 3y agoThis is a surprising advantage Zuckerberg has in manoeuvring Meta. At least, to my knowledge, he is still effectively dictator.
- 100ideas 3y agoDear god, how is that an advantage? Are we all here just rooting for techno-dictator supremacy?
- yieldcrv 3y agoits objectively an advantage in control. if thats a goal, then its effective at doing that the only one inserting bias and emotion into objectivity here is you
- manvillej 3y agosince most public companies are owned by multi billion dollar hedgefunds, they're not exactly pillars of democracy. and since privately owned businesses are a thing; its really not that big of a deal
- deleted 3y ago[deleted]
- 100ideas 3y agoThis comment is tone-deaf to the unique (and effective? TBD) arrangement of the board OpenAI 501(c)3 without compensation and the company they regulate. Your comment strikes me as not appreciating the unusually civic-minded arrangement, at least superficially, that is enabling the current power play. Maybe read the boards letter more carefully and provide your reaction. You castigate them as “non-techies” - meaning… what?
- yieldcrv 3y agoand the lesson the ousted ones learn for their next incarnation is to create organizations that allow for more control and more flexibility in board arrangements. I run a 501c3 as well, there are limitations in board composition in that entity type nothing tone deaf about that, they wanted a for profit and are going to make one now and want leave the same vector open Reread it as not being a comment about OpenAI it was about the lesson learned by every onlooker and the ousted execs
- arthurcolle 3y agoTone deaf yet holds up under scrutiny
- oivey 3y agoSeemingly there is this consensus of board members around a senior executive. It just isn’t the CEO.