zlacker

>>andsoi+(OP)
Sam must have sizable equity in the company. He sells to Microsoft and they dissolve the board, problem solved.

>>blobbe+81
have you read any of the articles at all before firing off that sentence?

>>stephe+y2
None of them seem to have mentioned it, but indeed it is confirmed he had very little equity in the company.

This seems like a fairly unconventional idea in a capitalist world where Altman has made all his money on exactly that - equity.

Seems like it has ultimately bit him, the investors, and the board in the ass. Poor incentive structure in the corporate governance is going to really mess with people's heads.