zlacker

>>davidb+(OP)
> Sam Altman will depart as CEO and leave the board of directors. Mira Murati, the company’s chief technology officer, will serve as interim CEO, effective immediately.

> Mr. Altman’s departure follows a deliberative review process by the board, which concluded that he was not consistently candid in his communications with the board, hindering its ability to exercise its responsibilities. The board no longer has confidence in his ability to continue leading OpenAI.

Wow

>>jborde+g1
So this is probably indicative of a scandal of some sort right?

>>DylanB+03
Yes, very likely Altman has done something _very_ wrong, and the board wants to maintain plausible deniability.

>>jurgen+R3
On paper, Sam Altman would have made everyone on the board billionaires. For them to vote him out in this manner indicates that he must have done something egregious to jeopardize that.

Lying on P&L, stock sale agreements, or turning down an acquisition offer under difficult circumstances seems likely.

>>lumost+Z7
> On paper, Sam Altman would have made everyone on the board billionaires.

I know OpenAI in recent years forgot it's a non profit with particular aims, but:

> The majority of the board is independent, and the independent directors do not hold equity in OpenAI.