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0 pointsAunche2y ago0 comments

>A board member criticizing a non-profit doesn't have the same direct connection to a result opposite of the goals of the company.

Even in a nonprofit, the board has an obligation to maintain a good working relationship with their organization. It's very rare for a board member to publicly criticized for their own organization.

Also, this argument goes out the window because OpenAI is not just a nonprofit. When they started their for-profit subsidiary in 2019, they accepted a fiduciary duty to their investors.

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sarchertech2y ago

That’s not how that works. You can argue that Ilya has a fiduciary responsibility to the investors as an officer of the company. Toner doesn’t. She is an independent board member on the board of the non-profit that owns a controlling share in the company, but she doesn’t personally own a majority share of the company. As an independent board member, she has no duty but to uphold the charter. She represents no shareholders.

Majority shareholders may have some fiduciary responsibility to minority shareholders, so you might be able to make the argument that the board as a whole shouldn’t write disparaging remarks about the company. But even that argument is tenuous.

AuncheOP2y ago

She joined the board of OpenAI knowing that they owned a for profit subsidiary that received billions of dollars of investment. Being independent means that she could provide a unique outsider perspective, not that she has no obligations to her organization whatsoever. If you're going to be completely independent, you shouldn't be surprised when over 90% of the organization turns against you.

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ruszki2y ago

> accepted a fiduciary duty to their investors.

Did they?

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