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1. OkayPh+(OP)[view] [source] 2023-11-18 00:59:13
Altman was the one who stood to benefit financially from OpenAI selling out. The rest of the board do not have equity in the company. If anything we'll see a reversal of the whole "Open"(to paying customers)AI
replies(1): >>astran+g1
2. astran+g1[view] [source] 2023-11-18 01:06:48
>>OkayPh+(OP)
He didn't have equity in OpenAI either, he seemed to be running it for fun. Of course, he can get cash payments.
replies(2): >>mkagen+Qj >>rchaud+vm
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3. mkagen+Qj[view] [source] [discussion] 2023-11-18 03:15:49
>>astran+g1
Someone had mentioned in the other thread - he had equity via some yc investment somehow.
replies(1): >>astran+RJ
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4. rchaud+vm[view] [source] [discussion] 2023-11-18 03:33:42
>>astran+g1
I'm highly suspicious of these types of claims. Steve Jobs was famously on a salary of $1, to get Apple back on track....no mention of the 7.8 million stock options backdated to maximize the gains on the share price.

They're all getting paid one way or another.

replies(1): >>astran+Bz
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5. astran+Bz[view] [source] [discussion] 2023-11-18 05:11:12
>>rchaud+vm
Sure, they can promise to give him some later. But he doesn't have them now; unvested anything would have expired.

That's the reason nobody does stock options anymore though, it's all RSUs now.

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6. astran+RJ[view] [source] [discussion] 2023-11-18 06:34:41
>>mkagen+Qj
He appears to say he doesn't.

https://x.com/sama/status/1725748751367852439

Though any fund containing MSFT must be correlated.

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