Amazing how employees can immediately join together in collective action to force an entire board to resign in the interests of their CEO (I’m talking about OpenAI), but as soon as it’s about their own interests that’s absurd and naive. #union
Reports suggest that, despite the prospect of investors suing over the board’s actions, the resolve of the remaining three directors has hardened — and if OpenAI fails, so be it.
The board governs the open Ai ngo not the for profit, which allows investment, though the ngo owns the for profit.
So any investment in the for profits doesn’t necessarily impact the board.
An article from before the CEO returned:
https://www.nytimes.com/2023/11/21/business/dealbook/openai-corporate-governance-altman-board.html