zlacker

>>modele+(OP)
I'm not a lawyer, is it novel that someone's suing a corporate officer for breach of fiduciary duty as a result of trying to make the most money possible for shareholders?

Obviously that's strange for a non-profit, but when you hear of a breach of fiduciary duty suit it's usually because someone didn't do something to make more money, not less.

It almost feels more like an accusation of fraud than breach of duty.

>>lenerd+I81
This is not a for-profit company. The shareholders don't get any of the money that OpenAI makes by law, so its purpose is not to make a profit.

>>pclmul+b91
So Musk's arguing that they had duty to protect his investment in OpenAI from being used for profiteering, and they didn't do that.

How's that going to float in an industry whose philosophy is that profit is a very useful abstraction for social benefit?

>>lenerd+va1
That philosophy doesn't really exist in legal terms when you have a for-profit corporation. There are B-corporations (eg Anthropic) which try to balance those goals, but I'm not sure there's a ton of existing law around that.