Re:OpenAI's Misalignment and Microsoft's Gain
by shmatt on Monday November 20, 2023 @09:11AM
(#38348406)
Im referencing large PPU grants in OpenAI offers, with 4 year vests, they sure made it feel like regular employees are being given a chance to join now and be millionaires via theirs PPUs
If this was never true, that’s on the OpenAI team that misled their engineers
https://www.businessinsider.com/openai-recruiters-luring-goo...
Their job postings even specifically mention “generous equity” - again if there is no equity in the contract - that’s OpenAI misleading its recruits
I don't know exactly how employee contracts are drawn up there but OpenAI has been pretty vocal that all the for-profit sides have caps which eventually lead back to 100% going into the non-profit after hitting the cap or the initial investment amount. So I am not quite clear what you are saying? Salary is cash, equity is stock. There has always been profit caps on the stock.
My only point was that you made an argument about employees giving up their equity for "mediocre" MSFT stock. It is just a misinformed statement that I was clearing up for you. 1) MSFT has been doing amazing as a stock 2) Employee equity has profit caps. 3) Employees who actually care about equity profit would most likely be more interested in joining MSFT.
[1] https://web.archive.org/web/20230329233149/https://www.nytim...