Details emerge of surprise board coup that ousted CEO Sam Altman at OpenAI

Re:Details emerge of surprise board coup that ousted CEO Sam... by sangnoir on Saturday November 18, 2023 @02:50PM (#38323617)

Thanks for that - indeed, I was using "fiduciary duty" in the context it's most frequently used - maximizing value accrued to stakeholders.

However, to nitpick your nitpick: for non-profits there might be no other party - just the mission. Imagine a non-profit whose mission is to preserve the history and practice of making 17th-century ivory cuff links. It's just the organisation and the mission; sometimes the mission is for the benefit of another party (or all of humanity).

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Re:Details emerge of surprise board coup that ousted CEO Sam... by anonymouskimmer on Saturday November 18, 2023 @02:56PM (#38323681)

The non-profit, in my use, was the party. I guess at some point these organizations may not involve people, in which case "party" would be the wrong term to use.

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