[leroy_masochist]

> Ultimately one important job of the board is to be able to replace the CEO.

This is true in the abstract but it is not common to see the narrowest possible majority on a six-person board oust the co-founder/CEO (also a board member) while excluding the board chair (who was also the company's President and co-founder) from the process.

> So it would be odd if it was structured in a way that this wasn’t possible.

You are wrong here. Boards are usually structured so that what just happened at OpenAI is not possible. The exclusion of the board chair from the process is especially egregious and the involvement of board chairs in decisions of this magnitude is often mandated in documents of incorporation.

Matt Levine is going to have a field day with this, LOL.

[freeAgent]

No, the VAST majority of boards are able to fire the CEO and replace the Chairman if they have the votes for it. It’s just that this is a rare occurrence, and certainly rare at a high-profile tech startup. The. ChargePoint board just fired the CEO (and non-Chairman member of the board) on Thursday along with the CFO. https://www.chargepoint.com/about/news/chargepoint-announces...

[psadri]

Sure. This particular incident has irregularities. I was referring to the general idea of a board not being able to change CEOs in the parent comment.