News for hackers. Stuff that matters.
Re:OpenAI investors keep pushing for Sam Altman’s return by jacquesm on Tuesday November 21, 2023 @03:47PM (#38369857)
Shear won't last.

> Investors like success and returns but they don't like companies where all the employees have basically sworn out an oath of fealty to the CEO, as it means they (the investors) have basically no control over anything.

Investors love such companies. I, as an investor would love such a company, as long as I was sure that the CEO would stay. Investors tend to not have control over much of anything anyway unless they have a board seat. Other than that it's a shareholder meeting once per year where you get to sign off on the actions of the execs for the preceding year. But the better interpretation is that the people there have said "we are not loyal to the board" rather than that they are more loyal to Altman, that only goes for those that will follow him wherever he goes.

The best time for an investor to influence things is when you come on board. The best way for an investor to continue to be able to influence things is to have a controlling interest or very good relations with enough of the stockholders to effectively have a controlling interest.

Re:OpenAI investors keep pushing for Sam Altman’s return by 15457345234 on Tuesday November 21, 2023 @03:52PM (#38369923)
> I, as an investor would love such a company, as long as I was sure that the CEO would stay.

As an investor you have no way of obtaining that surety. So, you would not love this company.

> But the better interpretation is that the people there have said "we are not loyal to the board" rather than that they are more loyal to Altman

Dude they're retweeting heart emojis and carrying water in _the most disturbing_ fashion on twitter. They're 100% declaring that they're his personal army, ride or die. I don't know how you aren't seeing this. It's completely abnormal behaviour for adults.

Re:OpenAI investors keep pushing for Sam Altman’s return by righthand on Tuesday November 21, 2023 @03:57PM (#38369997)
That will last until Sam gives up and drops them all when he moves on to whatever he’s doing next. They may be dogmatic about it but it’s only because they think they have cards to play.
Re:OpenAI investors keep pushing for Sam Altman’s return by maxdoop on Tuesday November 21, 2023 @04:22PM (#38370385)
Dude, you’re all over this thread and have such a strange bias against Sam and the current employees. Can I ask, out of genuine curiosity, why you find the board to be OK in this situation and why you find Sam / the employees behind him so off-putting?
Re:OpenAI investors keep pushing for Sam Altman’s return by 15457345234 on Tuesday November 21, 2023 @04:46PM (#38370727)
> why you find Sam / the employees behind him so off-putting?

To me it's the 100% committed 'vibe' they're giving off. It's weird. It's not how staff, especially technical/researchers (who usually bicker like anything over the most trivial of differences) behave.

Anyone who's managed a big research team knows that competing rivalries and internecine warfare is the order of the day. Literal slapfights have broken out over whether big or little endian encoding will be more efficient for any given scenario, for example.

Re:OpenAI investors keep pushing for Sam Altman’s return by righthand on Tuesday November 21, 2023 @04:35PM (#38370586)
Dude I’m all over this thread because people are responding to me. It’s called conversation. You want me to run and hide because 20 people jumped on me with opposing thoughts?

Oh yeah I think Sam is sleazier than most people seem to think. I also don’t think he’s in the right because the board has been quiet. The whole thing is insular and one sided. Everything they’re doing/saying is to try and control the board. That is off-putting because it’s detrimental to the board’s intent. I’m sure they’re all very nice people and hard workers.

Re:OpenAI investors keep pushing for Sam Altman’s return by maxdoop on Tuesday November 21, 2023 @05:50PM (#38371636)
No, I think you're mistaking my tone. I was genuinely curious, because it's rare to see someone with a sure view on this mad saga! And I wanted to learn a bit more from the somewhat-less-popular side (I do think there is an odd cultish energy around Sam at the moment from some folks).

I don't know enough about Sam or the board at all, so curious as to reasons why he might be sleazy/sneaky.

The board being quiet, in my opinion, is not doing them any favors!

Re:OpenAI investors keep pushing for Sam Altman’s return by 15457345234 on Tuesday November 21, 2023 @06:45PM (#38372306)
> The board being quiet, in my opinion, is not doing them any favors!

The board being quiet is adult behaviour. Release a discreet and generic press release then direct all further enquiries to the lawyers. That's how things should be done.

The frenzy of reporting and contradictory articles and froth and spin that's coming from the other side makes them look deranged, IMHO. It's incredibly childish and just makes it look like they have tentacles everywhere that they can drag these weird articles out of so many different outlets. It's not a good look unless you're really trying to look like HYDRA.

Re:OpenAI investors keep pushing for Sam Altman’s return by righthand on Tuesday November 21, 2023 @06:09PM (#38371883)
IMO opinion the board is quiet because they owe the media and public nothing as they are not a publicly traded company. The entire frenzy around this is seated with the employees, Microsoft CEO, and outlets looking for clicks. In a week or so when this is over everyone will see how much of a nothing burger this will have turned out to be…IMO.
Re:OpenAI investors keep pushing for Sam Altman’s return by 15457345234 on Tuesday November 21, 2023 @04:00PM (#38370046)
It's giving me real Jim Jones vibes, to be honest. It's incredibly weird behaviour.