floofloof@lemmy.ca to Technology@lemmy.worldEnglish · 3 months agoOpenAI Execs Mass Quit as Company Removes Control From Non-Profit Board and Hands It to Sam Altmanfuturism.comexternal-linkmessage-square240fedilinkarrow-up11.33Karrow-down18
arrow-up11.33Karrow-down1external-linkOpenAI Execs Mass Quit as Company Removes Control From Non-Profit Board and Hands It to Sam Altmanfuturism.comfloofloof@lemmy.ca to Technology@lemmy.worldEnglish · 3 months agomessage-square240fedilink
minus-squarePugJesus@lemmy.worldlinkfedilinkEnglisharrow-up34·3 months agoThe actual employees threatened to resign en masse, because the employees own equity in the company and want this dogshit move too.
minus-squarexenoclast@lemmy.worldlinkfedilinkEnglisharrow-up18·3 months agoGreed is the fundamental flaw that makes humanity awful.
minus-squarelogos@sh.itjust.workslinkfedilinkEnglisharrow-up6·3 months agoWhy would they own equity in a non-profit?
minus-squarePugJesus@lemmy.worldlinkfedilinkEnglisharrow-up4·3 months agoBecause this was always the plan.
minus-squareKnock_Knock_Lemmy_In@lemmy.worldlinkfedilinkEnglisharrow-up1·3 months agoIn theory there would be no profits to distribute, but there would be control of direction via voting rights.
The actual employees threatened to resign en masse, because the employees own equity in the company and want this dogshit move too.
Greed is the fundamental flaw that makes humanity awful.
Why would they own equity in a non-profit?
Because this was always the plan.
In theory there would be no profits to distribute, but there would be control of direction via voting rights.