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[return to "OpenAI negotiations to reinstate Altman hit snag over board role"]
1. rowls6+wv[view] [source] 2023-11-19 23:06:09
>>himara+(OP)
This seems to me like an example of how difficult it is to organize a company around a goal other then making money. As a non-profit, OpanAI was not supposed to be a profit maximizing enterprise. But how is a board supposed to opperate, and set objectives without a clear goal like profit maximization? Usually a boards represents the owners of the business and their interested. The OpenAI board does not represent the owners because there are no owners. So the board is just 6 people and their opionions. Hard to see how that can work.
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2. chmod6+Mc1[view] [source] 2023-11-20 04:18:21
>>rowls6+wv
How is board membership controlled?

For a profit company, you buy shares and elect the board, right? If they turn the company into something nobody wants, the shares lose value, and maybe someone picks up the shares cheap and turns it around. So there's a feedback cycle. The profit motive is almost incidental.

But here do the current board members just appoint the next board members and grow/shrink the total number?

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3. jacque+ve1[view] [source] 2023-11-20 04:37:36
>>chmod6+Mc1
You'd need to have access to the various legal docs of the OpenAI non-profit to be able to answer that question. But there was a move in the works to expand the board after a recent resignation. This is why - normally - the number of directors on the board is specified in those documents and a quorum of a minimum number of people is required to be able to make certain decisions, especially ones with potentially far reaching consequences.
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