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by rllearneratwork 829 days ago
>> "A huge chunk of the company went into open revolt and he got a competing offer that threatened to recruit all of them"

- They had a huge funding (>80B?) round planned in which employees could cash-in. Without Sam that round was guaranteed to not happen. So they all had huge financial incentive to support them. Which I guess, characterizes him as a great manager who thinks many steps ahead.

1 comments

The non-profit-good-for-humanity speech is such a hypocrisy.

All incentives all different stakeholders (employees, leadership, board, investors) have are all aligned with the full for-profit side of the organization. In fact, that’s the only side.

“Show me the incentive and I’ll show you the outcome”. Charlie Munger

>“Show me the incentive and I’ll show you the outcome”. Charlie Munger

"Show me the loot, and I'll show you the theft" - Willie Sutton (when asked why he robbed banks, what he actually said was "Because that's where the money is")

The "loot" here was compensation for the OpenAI employees actually doing the work, and they took it from a board that was doing... none of that work.