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What does “your” board mean in this context? Who’s “your”? The CEO just works for the organization and the board is their boss. You’re referencing a founder s

by CPLX 3y ago

What does “your” board mean in this context? Who’s “your”? The CEO just works for the organization and the board is their boss. You’re referencing a founder situation where the CEO is also a founder who also has equity and thus the board also reports to them. This isn’t that. Altman didn’t own anything, it’s not his company, it’s a non-profit. He just works there. He got fired.

waihtis 3y ago
I believe altman had some ownership, however it is a general lesson of handing over substantial power to laymen who are completely detached from the actual ops & know-how of the company
- airstrike 3y ago
  nobody handed over power. presumably they were appointed to the board to do exactly what they did (if this theory holds), in which cass this outcome would be a feature not a bug
- CPLX 3y ago
  There’s no such thing as owning a non-profit.