- 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.
I kid you not, sitting in a fancy seat, Altman is talking about "Platonic ideals". See the penultimate question on whether AI should be prescriptive or descriptive about human rights (around 1h 35sec mark). I'll let you decide what to make of it.