AI giant OpenAI had an unusual board of directors for its controlling nonprofit. Here’s who made the shocking decision to oust its cofounder and CEO. The move was even more of a surprise given the unusual nature of OpenAI’s corporate structure: per OpenAI’s own of its corporate structure, directors hold no equity in OpenAI or other compensation; Altman himself only held shares indirectly through a “small” investment made by Y Combinator, where he was previously president.
According to OpenAI’s corporate governance, directors’ key fiduciary duty is not to maintain shareholder value, but to the company’s mission of creating a safe AGI, or artificial general intelligence, “that is broadly beneficial.” Profits, the company said, were secondary to that missio
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