zlacker

On paper, Sam Altman would have made everyone on the board billionaires. For them to vote him out in this manner indicates that he must have done something egregious to jeopardize that.

Lying on P&L, stock sale agreements, or turning down an acquisition offer under difficult circumstances seems likely.

>>lumost+(OP)
As noted in the release: "The majority of the board is independent, and the independent directors do not hold equity in OpenAI."

>>lumost+(OP)
> On paper, Sam Altman would have made everyone on the board billionaires.

I know OpenAI in recent years forgot it's a non profit with particular aims, but:

> The majority of the board is independent, and the independent directors do not hold equity in OpenAI.

>>lumost+(OP)
Elon was very upset that somehow a non-profit that he donated $100 million to suddenly turned into a for profit. I would not be surprised if there was something not totally candid with regards to how that went down.

>>lumost+(OP)
Could it be the allegations by his sister??

https://twitter.com/phuckfilosophy/status/163570439893983232...

>>lumost+(OP)
Please do not spout hyperbole on HN, and avoid spreading disinformation and engaging in uneducated speculation. You can visit Reddit if that is your style of participation.

>>Siddha+Q1
That was back in March, which is pretty much 100 years ago

>>Siddha+Q1
Wouldn't take 8 months to hit, and I wouldn't be hearing about it from your comment if there was enough media attention to oust a CEO for PR.

>>iandan+Q
In fact, I believe Altman was the only member of the board that held equity in OpenAI. There was some vague reference to a “previous VC arrangement” in the FAQ.

>>Siddha+Q1
That's what I was thinking too. Maybe she's taking it further than Twitter.

>>nonfam+q3
Sam Altman had no equity in OpenAI https://www.cnbc.com/2023/03/24/openai-ceo-sam-altman-didnt-...

He confirmed it verbally as well in his May 2023 hearing in Congress https://twitter.com/thesamparr/status/1658554712151433219?la...

>>Siddha+Q1
The thread seems to be got picked up only last month given the timestamps of majority of comments and reposts were made. If the board decided to make an investigation, it'd be the timing to fire Altman.

>>jb1991+W2
While i agree, I'm curious why you choose this comment specifically to call out. This is the fastest growing hn thread I've ever seen with over 300 comments and 1000 votes in the first hour. Almost every comment is debating some pure speculation or another. The content of the link, the context of the company and individual, and absolute lack of clarifying details while presenting very strong indications that such exists make it so that there's basically no way anyone can do anything other than speculate. No one knows anything, everyone here is guessing

>>samspe+18
From https://openai.com/our-structure :

> Even OpenAI’s CEO, Sam Altman, does not hold equity directly. His only interest is indirectly through a Y Combinator investment fund that made a small investment in OpenAI before he was full-time.

That word “directly” seems to be relevant here.

>>termin+83
It seems like it's been getting a bit more attention over the past month.

>>fallin+f3
Things like this can take a very long time to blow up. Cosbys first accuser was in 1965