Re:OpenAI's Misalignment and Microsoft's Gain
by xdennis on Monday November 20, 2023 @01:48PM
(#38352495)
> fiduciary obligations to the non-profit
What fiduciary obligations does a non-profit have? Isn't the board pretty successful already at not making money?
Re:OpenAI's Misalignment and Microsoft's Gain
by icelancer on Monday November 20, 2023 @03:43PM
(#38354412)
Fiduciary obligations need not be profit-seeking. They often - perhaps especially - involve keeping the lights on for the chartered company.
Re:OpenAI's Misalignment and Microsoft's Gain
by anonymouskimmer on Monday November 20, 2023 @02:01PM
(#38352731)
Fiduciary isn't about money, it's about the best interests of the non-profit they are governing. If staying on the board means a harm to the goals of the non-profit charter, then they have a duty to resign.
It reads like an orchestrated coup against the other three members of the board. Convince the board to do something you imagine will get this kind of blowback. Board is forced to resign due to their fiduciary obligations to the non-profit. And now you control the entire board.