unions

1673 readers

123 users here now

a community focused on union news, info, discussion, etc

Friends:

founded 2 years ago

MODERATORS

[email protected]

359

Amazing how employees can join together to force an entire board to resign in the interests of their CEO, but as soon as it’s about their own interests that’s absurd and naive (mastodon.xyz)

submitted 1 year ago by [email protected] to c/[email protected]

14 comments fedilink hide all child comments

you are viewing a single comment's thread
view the rest of the comments

[–] [email protected] 3 points 1 year ago (2 children)

Board members are selected by the shareholders. In this case Microsoft owns 49% of the company, so they probably had something to do with it.

[–] cybersandwich 1 points 1 year ago

They aren't. Not for open AI.

[–] kurap1ka 1 points 1 year ago (1 children)

The board governs the open Ai ngo not the for profit, which allows investment, though the ngo owns the for profit.

So any investment in the for profits doesn't necessarily impact the board.

[–] [email protected] 3 points 1 year ago

An article from before the CEO returned:

https://www.nytimes.com/2023/11/21/business/dealbook/openai-corporate-governance-altman-board.html

Reports suggest that, despite the prospect of investors suing over the board’s actions, the resolve of the remaining three directors has hardened — and if OpenAI fails, so be it.