this post was submitted on 17 Nov 2023
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Damn, time for wild thoughts as to why. I wonder who the bad guy is here. Did Sam want to focus on profit? Does the board and they're hiding behind that? I have no idea.
Still this is a scene right from Silicon Valley, the founder being voted out of their own company
I think it’s more likely that Sam did not want to focus on profit as much as some investors. I presume Microsoft has seats on the board ( I haven’t checked)
Edit - I seem to be wrong: OpenAI’s board of directors consists of OpenAI chief scientist Ilya Sutskever, independent directors Quora CEO Adam D’Angelo, technology entrepreneur Tasha McCauley, and Georgetown Center for Security and Emerging Technology’s Helen Toner." Sam Altman and Greg Brockman(President and Co-founder) both left the board today
Their board is independent and as such do not have equity in the company - Microsoft is not part of this. It’s a very different dynamic.
Based on the language, if I HAD to guess, I’d say he straight up lied to the board or acted on something without them when they were supposed to be involved. Serious charter-violating stuff.
My guess is he hid a security breach from the SEC and the board. That makes the most sense as to what would prevent the board from being able to execute on their legal duties.