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Sam must have sizable equity in the company. He sells to Microsoft and they dissolve the board, problem solved.
by blobbers 3y ago
Sam must have sizable equity in the company. He sells to Microsoft and they dissolve the board, problem solved.
- famouswaffles 3y agoSam doesn't have any equity in Open AI
- localhost 3y agoHe has nearly zero equity in OpenAI by design.
- stephenitis 3y agohave you read any of the articles at all before firing off that sentence?
- blobbers 3y agoNone of them seem to have mentioned it, but indeed it is confirmed he had very little equity in the company. This seems like a fairly unconventional idea in a capitalist world where Altman has made all his money on exactly that - equity. Seems like it has ultimately bit him, the investors, and the board in the ass. Poor incentive structure in the corporate governance is going to really mess with people's heads.
- pyrophane 3y agoActually, from what I read he did not.
- deleted 3y ago[deleted]