zlacker

>>davidb+(OP)
- Cant be a personal scandal, press release would be worded much more differently

- Board is mostly independent and those independent dont have equity

- They talk about not being candid - this is legalese for “lying”

The only major thing that could warrant something like this is Sam going behind the boards back to make a decision (or make progress on a decision) that is misaligned with the Charter. Thats the only fireable offense that warrants this language.

My bet: Sam initiated some commercial agreement (like a sale) to an entity that would have violated the “open” nature of the company. Likely he pursued a sale to Microsoft without the board knowing.

>>baidif+aq
Altman has claimed before that he doesn't hold equity in OpenAI. He could have some kind of more opaque arrangement that gives him a material stake in the financial success of OpenAI, and downplayed it or didn't disclose it to the board.

Who knows, though -- I'm sure we'll find out more in the next few weeks, but it's fun to guess.

>>pbadam+vz
He's not just a CEO, he's a co-founder, and thinking he has no stake in the company is just ridiculous.