In this scenario, it was a pure power struggle. The board believed they’d win by showing Altman the door, but it didn’t take long to demonstrate that their actual power to do so was limited to the de jure end of the spectrum.
The way the board pulled this off really gave them no good outcome. They stand to lose talent AND investors AND customers. Half the people I know who use GPT in their work are wondering if it will be even worth paying for if the model’s improvements stagnates with the departure of these key people.
People say this like it's some kind of truism but I've never seen it happened and when questioned everyone I've known who's claimed it ends up admitting they were measuring their "success" by a different metric then the company.