zlacker

[return to "OpenAI investors try to get Sam Altman back as CEO after sudden firing"]
1. jrflow+jT2[view] [source] 2023-11-19 21:02:29
>>outrun+(OP)
I love donating money to nonprofits and then exercising my rights as a shareholder to get my legal mandated influence over board seats. These board members must be sweating bullet given their fiduciary duty to these investors.
◧◩
2. trasht+d33[view] [source] 2023-11-19 21:49:12
>>jrflow+jT2
I don't think so. OpenAI was created as a non-profit, and I don't think they have any kind of fudiciary duty to create profit.
◧◩◪
3. jrflow+l53[view] [source] 2023-11-19 21:58:29
>>trasht+d33
It is a special thing, a for-profit 501c3. At tax time it is tax exempt but when a guy I like gets fired the investors can leverage their donationvestments to fire the board and push the chari-business into further profitability. It is a good setup and it makes sense why so many people are cheering things on today :)
◧◩◪◨
4. blacko+Os3[view] [source] 2023-11-20 00:07:01
>>jrflow+l53
MS investments are in for-profit company, not the parent.
◧◩◪◨⬒
5. jrflow+Ku3[view] [source] 2023-11-20 00:18:07
>>blacko+Os3
Exactly, that’s why the investors should get to fire the board of the charity
[go to top]