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
Eric Schmidt calling Sam a hero also makes me think it isn't a personal scandal.

>>hacker+bs
Not sure Eric Schmidt is exactly a great judge of character. If anything that is an anti-signal

>>outsid+4H
In the world that both Messrs. Schmidt and Altman operate in, liability is a vastly stronger incentive than character.

>>achron+7O
Isn’t Schmidt the guy who’s dating a CEO of a company he made an investment in?

That _should_, in a system of corporate governance that isn’t an absolute joke, expose him to significant liability.

Or am I thinking of another NorCal cretin that will never suffer a real consequence as long as he lives?