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> all the value of the company can walk away if they don't like it They really can't, because a majority of their compensation is in now-unreasonable amounts o
by n2d4 2y ago
> all the value of the company can walk away if they don't like it
They really can't, because a majority of their compensation is in now-unreasonable amounts of OpenAI equity (because it was worth much less when it was granted). If employees decided to walk away, rendering their vested equity worthless, they wouldn't get anywhere near the same value of, say, Microsoft equity as a signing bonus to make it worth.
Any senior OpenAI employee with decent amounts of vested equity on low valuations has strong financial incentives to stick with the company, and also strong financial incentives to convince others to stick with the company.
Some more thoughts from back when employees "threatened" to leave: https://www.businessinsider.com/openai-employees-did-not-want-to-work-for-microsoft-2023-12 https://www.businessinsider.com/openai-employees-did-not-wan...
- jdminhbg 2y ago> They really can't, because a majority of their compensation is in now-unreasonable amounts of OpenAI equity (because it was worth much less when it was granted). If employees decided to walk away, rendering their vested equity worthless, they wouldn't get anywhere near the same value of, say, Microsoft equity as a signing bonus to make it worth. The problem with this is that the board was basically threatening to also make their equity worthless by taking the position that Sam was moving too fast to commercialize the company. They pretty much burned their leverage everywhere possible.