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... They definitely can be. When I worked for a small biotech company all of my options had a tiered vesting schedule.
Options aren't equity, they're only the option to buy equity at a specified price. Vesting just means you can actually buy the shares at the set strike pice. For example, you may join a company and be given options to buy 10,000 shares at $5 each with a 2 year vesting schedule. They may begin vesting immediately, meaning you can buy 1/24th of the total options each month (or 614 shares). Its also common for a delay u…
OpenAI departures: Why can’t former employees talk?
631–640 of 1001 posts
Re: OpenAI departures: Why can’t former employees talk?
#632Earlier quoted context omitted.
Look at Sam Altman's career and tweets. He's a clown at best, and at worst he's a manipulative crook who only cares about his own enrichment and uses pro-social ideas to give himself a veneer of trustworthiness.
Well, more than 90% of OpenAI employees backed him up when the board fired him. Maybe he's not the clown you claim he is.
Re: OpenAI departures: Why can’t former employees talk?
#633This is bizarre. Someone hands you a contract as you're leaving a company and if you refuse to agree to whatever they dreamt up and sign the company takes back the equity you earned? That can't be legal
Hard to evaluate this without access to the documents. But in CA, agreements cannot be conditioned on the payment of previously earned wages. Equity adds a wrinkle here, but I suspect if the effect of canceling equity is to cause a forfeiture of earned wages, then ultimately whatever contract is signed under that threat is void.
Re: OpenAI departures: Why can’t former employees talk?
#634Earlier quoted context omitted.
I'm surprised at such a mean comment and lots of follow-ups with agreement. I don't know Sam personally, I've only heard him here and there online from before OpenAI days and all I got was a good impression. He seems smart and pretty humble. Apart from all openai drama which I don't know enough to have an opinion, past-openai he also seems to be talking with sense. Since so many people took time to put him down there…
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Re: OpenAI departures: Why can’t former employees talk?
#635Earlier quoted context omitted.
Look at Sam Altman's career and tweets. He's a clown at best, and at worst he's a manipulative crook who only cares about his own enrichment and uses pro-social ideas to give himself a veneer of trustworthiness.
Well, more than 90% of OpenAI employees backed him up when the board fired him. Maybe he's not the clown you claim he is.
Re: OpenAI departures: Why can’t former employees talk?
#636"It forbids them, for the rest of their lives, from criticizing their former employer. Even acknowledging that the NDA exists is a violation of it." I find it hard to understand that in a country that tends to take freedom of expression so seriously (and I say this unironically, American democracy may have flaws but that is definitely a strength) it can be legal to silence someone for the rest of their life.
Its quite common for companies to put tons of extremely restrictive terms in an NDA they can't actually legally enforce to scare off potential future ex-employees from creating a problem.
Re: OpenAI departures: Why can’t former employees talk?
#637Earlier quoted context omitted.
> no one building this software wants to “steal from creators” > It’s why things like the recent deal[s ...] are becoming so important Sorry but I don't follow. Is it one or the other? If they didn't want to steal from the original authors, why do they not-steal Reddit now? What happens with the smaller creators that are not Reddit? When is OpenAI meeting with me to discuss compensation? To me your post felt somethin…
The law is slow and is always playing catch up in terms of prosecution, it’s not clear today because this kind of copyright has never been an issue before. Usually it’s just outright stealing content that was protected, no one ever imagined “training” to be a protected use case, humans “train” on copyrighted works all the time, ideally copyrighted works they purchased for said purpose… the same will start to apply fo…
GPT can't get retroactively untrained on stolen data.
Re: OpenAI departures: Why can’t former employees talk?
#638I am confused about the source of the outrage. A situation where nobody is very clear about what the claim is but everyone is very upset, makes me suspicious. Are employees being mislead about the contract terms at time of signing the contract? Because, obviously, the original contract needs to have some clause regarding the equity situation, right? We can not just make that up at the end. So... are we claiming fraud…
It's a common mistake on here to assume that for every decision there are equally good other options. Also, the fact that they feel the need to enforce silence so strongly implies at least a little that they have something to hide.
Re: OpenAI departures: Why can’t former employees talk?
#639So part of their compensation for working is equity, and when they leave thay have to sign an additional agreement in order to keep their previously earned compensation? How is this legal? Mine as well tell them they have to give all their money back too. What's the consideration for this contract?
Re: OpenAI departures: Why can’t former employees talk?
#640Earlier quoted context omitted.
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I shared stage with Sam at one point for an hour and was not impressed. Obviously I was wrong as Sam has accomplished so much in the meantime, but my initial impression wasn't much. How he did it is for him to know and for others to ...