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OpenAI chair says board has mentioned fairness compensation for CEO Sam Altman By Reuters

by Index Investing News
September 26, 2024
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(Reuters) -OpenAI’s chairman Bret Taylor on Thursday mentioned the board has mentioned whether or not to compensate CEO Sam Altman with fairness however no choice has been made.

In an announcement, he mentioned no particular figures have been mentioned for any fairness compensation for Altman.

Reuters reported on Wednesday that OpenAI is engaged on a plan to restructure its core enterprise right into a for-profit profit company and that Altman would obtain fairness for the primary time within the for-profit firm.

Altman, who cofounded the corporate in 2015, has not taken a stake within the firm up thus far. Already a billionaire from his a number of startup investments, he has beforehand said that he selected to not take shares in OpenAI as a result of the board wanted a majority of disinterested administrators with no stake within the firm.





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