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
Why do people think it has to be some single big incident? Sam Altman has been the head of OpenAI for many years now, while the company has been in intense public spotlight only in the recent few months. The dynamic today is very different from 2019 or whenever he was hired. He also doesn't have any voting shares, which means he is entirely at the mercy of the board. It's entirely possible that they simply don't like the direction he has been taking the company in, and today was more of some minor straw that broke the camel's back situation.

>>paxys+tL
The knives out language is very unusual for any CEO dismissal. The urgent timing (they didnt even wait for the closure of markets just 30 min later, causing MSFT to lose billions). Anything less than massive Legal and Financial/regulatory risk or a complete behind the back Deal with someone, would have been handled with much more calm and a much less adversive language. Also Greg Borkman has now resigned after it was annoucned that he would step down as chairman of the board. https://twitter.com/gdb/status/1725667410387378559