zlacker

>>staran+(OP)
If OpenAI remains a 501(c)(3) charity, then any employee of Microsoft on the board will have a fiduciary duty to advance the mission of the charity, rather than the business needs of Microsoft. There are obvious conflicts of interest here. I don't expect the IRS to be a fan of this arrangement.

>>garris+EJ
Major corporate boards are rife with "on paper" conflicts on interest - that's what happens when you want people with real management experience to sit on your board and act like responsible adults. This happens in every single industry and has nothing to do with tech or with OpenAI specifically.

In practice, board bylaws and common sense mean that individuals recuse themselves as needed and don't do stupid shit.

>>bradle+hG1
"In practice, board bylaws and common sense mean that individuals ... don't do stupid shit."

Were you watching a different show than the rest of us?

>>iandan+0H1
You need to be able to separate macro-level and micro-level. GP is responding to a comment about the IRS caring about the conflict-of-interest on paper. The IRS has to make and follow rules at a macro level. Micro-level events obviously can affect the macro view, but you don't completely ignore the macro because something bad happened at the micro level. That's how you get knee-jerk reactionary governance, which is highly emotional.