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this post was submitted on 28 Sep 2024
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What does OpenAI need a CEO for anyway? Just let chatGPT run the company if they are so gung-ho about it.
I've been saying this for almost a year. Not open AI specifically but any company with a board of directors.
They aren't considering the shareholder value of their most expensive liability: the CEO.
He (because let's face it. It's going to be a he in most cases) is paid millions of dollars with a golden parachute. Literally money that could be given back to shareholders through dividends.
The fact that Boards of Directors aren't doing this could be evidence that they aren't looking out for shareholders' interests
Here's why:
Boards of directors are CEOs of other companies that are buddies of the CEO of the company they are directors of. This is like a shitty musical chair of board of directors.