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OpenAI investors keep pushing for Sam Altman’s return

wsj.com

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Re: OpenAI investors keep pushing for Sam Altman’s return

#41

Post by voisin »

15457345234 wrote: post #23
jacquesm wrote: post #13

Does anybody know who is currently CEO of OpenAI? Friday, Sam. Saturday, Mira. Sunday was a day off, Monday it was Emmet so who is it for today? Kidding aside, the board is under more and more pressure but - surprisingly - they haven't folded yet. I am interpreting that as that they are trying to get something out of it that nobody is willing to give them. The new CEO is also surprisingly not to be found at all, no p…

> Does anybody know who is currently CEO of OpenAI? Emmett Shear. Altman won't be back. Investors like success and returns but they don't like companies where all the employees have basically sworn out an oath of fealty to the CEO, as it means they (the investors) have basically no control over anything.

> where all the employees have basically sworn out an oath of fealty to the CEO, as it means they (the investors) have basically no control over anything.

Another interpretation: those closest to the internal workings of the business believe that a certain person is best capable of managing the business. Turns out that person is also who the investors believe in. So rather than fealty to a person, they are simply voting (with their feet apparently) against the board.

Re: OpenAI investors keep pushing for Sam Altman’s return

#43

Post by flappyeagle »

righthand wrote: post #24
jacquesm wrote: post #13

Does anybody know who is currently CEO of OpenAI? Friday, Sam. Saturday, Mira. Sunday was a day off, Monday it was Emmet so who is it for today? Kidding aside, the board is under more and more pressure but - surprisingly - they haven't folded yet. I am interpreting that as that they are trying to get something out of it that nobody is willing to give them. The new CEO is also surprisingly not to be found at all, no p…

I don’t think the board is under any pressure. If they don’t do anything else they just need the employees to fold on their threat to resign. Even if the employees resign, ChatGPT is still running and there are lots of people willing to take the defecting employees spots. The only thing they are pressured on is to fill in the story for the media point of view which is irrelevant to the actual functioning of OpenAI.

These words are gonna get ate one way or another. There is no outcome where the current board wins.

Emmet is already threatening the board with resignation unless they provide evidence of wrongdoing [1]. Which they don't have, because they would have revealed it already.

They are empty shirts.

[1] https://x.com/emilychangtv/status/1727020834005700914?s=20

Re: OpenAI investors keep pushing for Sam Altman’s return

#44

Post by dools »

jacquesm wrote: post #13

Does anybody know who is currently CEO of OpenAI? Friday, Sam. Saturday, Mira. Sunday was a day off, Monday it was Emmet so who is it for today? Kidding aside, the board is under more and more pressure but - surprisingly - they haven't folded yet. I am interpreting that as that they are trying to get something out of it that nobody is willing to give them. The new CEO is also surprisingly not to be found at all, no p…

Jack's Empty Chair

Re: OpenAI investors keep pushing for Sam Altman’s return

#45

Post by agloe_dreams »

phpnode wrote: post #30
jacquesm wrote: post #22

Earlier quoted context omitted.

> given a high legal risk if it hires a majority of OpenAI employees What legal risk would that be? All they have to do is to claim that they are protecting their interests, besides it is not as if Microsoft has ever been afraid of a legal challenge.

MS and OpenAI certainly have non-solicitation clauses in their contracts. MS could afford the legal battle but isn't it better for them to wait it out and see what happens first?

https://twitter.com/kevin_scott/status/1726971608706031670

Uh..the CTO of MS saying he will match OAI pay and will support their mutiny uh...definitely is solicitation.

Re: OpenAI investors keep pushing for Sam Altman’s return

#47

Post by jacquesm »

15457345234 wrote: post #23
jacquesm wrote: post #13

Does anybody know who is currently CEO of OpenAI? Friday, Sam. Saturday, Mira. Sunday was a day off, Monday it was Emmet so who is it for today? Kidding aside, the board is under more and more pressure but - surprisingly - they haven't folded yet. I am interpreting that as that they are trying to get something out of it that nobody is willing to give them. The new CEO is also surprisingly not to be found at all, no p…

> Does anybody know who is currently CEO of OpenAI? Emmett Shear. Altman won't be back. Investors like success and returns but they don't like companies where all the employees have basically sworn out an oath of fealty to the CEO, as it means they (the investors) have basically no control over anything.

Shear won't last.

> Investors like success and returns but they don't like companies where all the employees have basically sworn out an oath of fealty to the CEO, as it means they (the investors) have basically no control over anything.

Investors love such companies. I, as an investor would love such a company, as long as I was sure that the CEO would stay. Investors tend to not have control over much of anything anyway unless they have a board seat. Other than that it's a shareholder meeting once per year where you get to sign off on the actions of the execs for the preceding year. But the better interpretation is that the people there have said "we are not loyal to the board" rather than that they are more loyal to Altman, that only goes for those that will follow him wherever he goes.

The best time for an investor to influence things is when you come on board. The best way for an investor to continue to be able to influence things is to have a controlling interest or very good relations with enough of the stockholders to effectively have a controlling interest.

Re: OpenAI investors keep pushing for Sam Altman’s return

#48

Post by foota »

15457345234 wrote: post #23
jacquesm wrote: post #13

Does anybody know who is currently CEO of OpenAI? Friday, Sam. Saturday, Mira. Sunday was a day off, Monday it was Emmet so who is it for today? Kidding aside, the board is under more and more pressure but - surprisingly - they haven't folded yet. I am interpreting that as that they are trying to get something out of it that nobody is willing to give them. The new CEO is also surprisingly not to be found at all, no p…

> Does anybody know who is currently CEO of OpenAI? Emmett Shear. Altman won't be back. Investors like success and returns but they don't like companies where all the employees have basically sworn out an oath of fealty to the CEO, as it means they (the investors) have basically no control over anything.

The investors already have no control!

Re: OpenAI investors keep pushing for Sam Altman’s return

#49

Post by flappyeagle »

robomartin wrote: post #27

How does someone come back without being livid about what just happened? Without giving it much thought, my first impulse would be that every single person who participated in the ousting would have to resign and go away immediately. I cannot conceive of any way to clear the air and approach the work to be done with a clear mental state. Too vindictive or appropriately restorative?

Ilya can stay, bygones be bygones. He was there since the beginning. everyone else must go.
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