zlacker

What does “your” board mean in this context? Who’s “your”?

The CEO just works for the organization and the board is their boss.

You’re referencing a founder situation where the CEO is also a founder who also has equity and thus the board also reports to them.

This isn’t that. Altman didn’t own anything, it’s not his company, it’s a non-profit. He just works there. He got fired.

>>CPLX+(OP)
I believe altman had some ownership, however it is a general lesson of handing over substantial power to laymen who are completely detached from the actual ops & know-how of the company

>>waihti+g6
nobody handed over power. presumably they were appointed to the board to do exactly what they did (if this theory holds), in which cass this outcome would be a feature not a bug

>>waihti+g6
There’s no such thing as owning a non-profit.