2 ms·
> 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 grante
by 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.