2 ms·
None 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
by blobbers 3y ago
None 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.