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Can’t wait to see how many staffers who said they would quit sheep their way into the office tomorrow to collect their million dollar salaries Thanks Sam we bl

Can’t wait to see how many staffers who said they would quit sheep their way into the office tomorrow to collect their million dollar salaries Thanks Sam we bluffed but no way we quiting

siva7 3y ago
Those few with million dollar salaries can start tomorrow for even much higher salaries in the current market.
ergocoder 3y ago
Most employees are on the profit-sharing-esque compensation. And guess what OpenAI will not be focusing on? Profit. They are not gonna quit tomorrow. They will leave over time due to the low compensation.
- 698969 3y ago
  *lower compensation
  - ergocoder 3y ago
    *much lower...
sgu999 3y ago
Capital seems to be on Altman's side, they may make a good deal by jumping ship...
ryanSrich 3y ago
Yeah it does seem Ilya was smart enough to realize the overwhelming majority of people get caught up in the emotion of these things, but rarely act on their promises when money is involved. I guess we'll see in the coming weeks who quits, but I doubt it'll be significant. Perhaps once Altman gets another company stood up and has billions in the bank to pay people it'll be a different story.
jatins 3y ago
Their PPUs go to zero if there is no profit to be made and the 85B tender offer is likely also off. I suspect this makes it easier for many of them to quit
tempsy 3y ago
Well the value of the company has almost certainly taken a large hit, especially now that Sam is definitely not returning And no way Thrive, which was just about to buy up employee shares at $80-$90b, is going to go through with the tender offer now
TillE 3y ago
It'd be pretty silly to quit in this situation, unless you just absolutely loved and worshiped Sam. You wouldn't be acting on some moral principle. The only thing the board has really done wrong is not communicating their reasons clearly.
jchonphoenix 3y ago
Million dollar salaries paid in PPUs that are no longer worth millions. I'd jump ship too if I were them.

Can’t wait to see how many staffers who said they would quit sheep their way into the office tomorrow to collect their million dollar salaries Thanks Sam we bluffed but no way we quiting

siva7 3y ago

Those few with million dollar salaries can start tomorrow for even much higher salaries in the current market.

ergocoder 3y ago

Most employees are on the profit-sharing-esque compensation. And guess what OpenAI will not be focusing on? Profit. They are not gonna quit tomorrow. They will leave over time due to the low compensation.

698969 3y ago
*lower compensation
- ergocoder 3y ago
  *much lower...

sgu999 3y ago

Capital seems to be on Altman's side, they may make a good deal by jumping ship...

ryanSrich 3y ago

Yeah it does seem Ilya was smart enough to realize the overwhelming majority of people get caught up in the emotion of these things, but rarely act on their promises when money is involved. I guess we'll see in the coming weeks who quits, but I doubt it'll be significant. Perhaps once Altman gets another company stood up and has billions in the bank to pay people it'll be a different story.

jatins 3y ago

Their PPUs go to zero if there is no profit to be made and the 85B tender offer is likely also off. I suspect this makes it easier for many of them to quit

tempsy 3y ago

Well the value of the company has almost certainly taken a large hit, especially now that Sam is definitely not returning And no way Thrive, which was just about to buy up employee shares at $80-$90b, is going to go through with the tender offer now

TillE 3y ago

It'd be pretty silly to quit in this situation, unless you just absolutely loved and worshiped Sam. You wouldn't be acting on some moral principle. The only thing the board has really done wrong is not communicating their reasons clearly.

jchonphoenix 3y ago

Million dollar salaries paid in PPUs that are no longer worth millions. I'd jump ship too if I were them.