News for hackers. Stuff that matters.

A comment on Leaked OpenAI documents reveal aggressive tactics toward former employees. Parent comment

Re:Leaked OpenAI documents reveal aggressive tactics toward ... by nabla9 on Wednesday May 22, 2024 @07:54PM (#40448470)
I'm not talking about grant-making case by case, but delegation authorization resolution itself. Delaware General Corporation Law has sections describing how it can be done.
[ Parent | on HN ]
Re:Leaked OpenAI documents reveal aggressive tactics toward ... by JumpCrisscross on Wednesday May 22, 2024 @08:03PM (#40448570)
> delegation authorization resolution itself. Delaware General Corporation Law has sections describing how it can be done

How what can be done?

Nothing in Delaware law says the CEO--let alone the Board--has to sign off on every form of employment agreement. That's a classic business judgement.

[ Parent | on HN ]
Re:Leaked OpenAI documents reveal aggressive tactics toward ... by danielmarkbruce on Wednesday May 22, 2024 @08:11PM (#40448648)
fwiw, re-reading your initial comment, I think you may have meant to say one thing and have inadvertantly said two things. The comment sounds like you are saying any clause in any contract which has any effect on equity. You might have intended to say any clause in the contracts you then copy/pasted, which deal with process around granting equity.

?

[ Parent | on HN ]