zlacker

>>medler+(OP)
This makes no sense. People are calling what the board did a coup, but Altman is trying (failing?) to stage a coup.

The board was Altmans boss - this is pretty much their only job. Altman knew this and most likely ignored any questions or concerns of theirs thinking he is the unfireable superstar

Imagine if your boss fired you - and your response was - I’ll come back if you quit! Yeah, no. People might confuse status with those of actual ceo shareholders like zuck, bezos, or musk. But Altman is just another employee

The shareholders can fire the board, but that’s not what he’s asking for. And so far we haven’t heard anything about them getting fired. So mostly this just seems like an egomaniac employee who thinks he is the company (while appropriating the work of some really really smart data scientists)

>>shmatt+by
>People are calling what the board did a coup, but Altman is trying (failing?) to stage a coup.

The board removed the board's chairman and fired the CEO. That's why it was called a coup.

>The shareholders can fire the board, but that’s not what he’s asking for. And so far we haven’t heard anything about them getting fired

nonprofits don't have shareholders (or shares).

>>sigmar+9z
OpenAI isn’t a nonprofit company, and it has shareholders.

Edit: nvm I missed the point was about firing the board.

>>ummonk+5D
From what I understand, the for-profit OpenAI is owned and governed by the non-profit OpenAI. The board of the latter are the ones who fired him.

>>bitvoi+rE
> From what I understand, the for-profit OpenAI is owned and governed by the non-profit OpenAI.

That's functionally true, but more complicated. The for profit "OpenAI Global LLC" that you buy ChatGPT subscriptions and API access from and in which Microsoft has a large direct investment is majority-owned by a holding company. That holding company is itself majority owned by the nonprofit, but has some other equity owners. A different entity (OpenAI GP LLC) that is wholly owned by the nonprofit controls the holding company on behalf of the nonprofit and does the same thing for the for-profit LLC on behalf of the nonprofit (this LLC seems to me to be the oddest part of the arrangement, but I am assuming that there is some purpose in nonprofit or corporate liability law that having it in this role serves.)

https://openai.com/our-structure and particularly https://images.openai.com/blob/f3e12a69-e4a7-4fe2-a4a5-c63b6...