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)
Of course you can protest, “but in this country the constitution says that the generals can sack the president anytime they deem it necessary, so not a coup.” Yes, but it’s just a metaphor, so no one expects it to perfectly reflect reality (that’s what reality is for).
I feel we’ll know way more next week, but whatever the justifications of the board, it seems unlikely that OpenAI can succeed if the board “rules with an iron fist.” Leadership needs the support of employees and financial backers.