floofloof@lemmy.ca to Technology@lemmy.worldEnglish · 1 month agoOpenAI Execs Mass Quit as Company Removes Control From Non-Profit Board and Hands It to Sam Altmanfuturism.comexternal-linkmessage-square243fedilinkarrow-up11.35K
arrow-up11.35Kexternal-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 · 1 month agomessage-square243fedilink
minus-squarePugJesus@lemmy.worldlinkfedilinkEnglisharrow-up34·1 month 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-up18·1 month agoGreed is the fundamental flaw that makes humanity awful.
minus-squarelogos@sh.itjust.workslinkfedilinkEnglisharrow-up6·1 month agoWhy would they own equity in a non-profit?
minus-squarePugJesus@lemmy.worldlinkfedilinkEnglisharrow-up4·1 month agoBecause this was always the plan.
minus-squareKnock_Knock_Lemmy_In@lemmy.worldlinkfedilinkEnglisharrow-up1·1 month 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.