this post was submitted on 20 Nov 2023
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Technology
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This board is now learning why normal boards typically acquiesce aggressively to the CEO, or at least the investors. Clearly they didn't realize the amount of political capital Altman had and while they were well within their rights according to the rules and the charter of the company to do what they did, they're now bearing the full brunt of the backlash from the entire Silicon Valley investment community. You can tell from his twitter feed that Ilya is now running on pure emotion. I'm sure he's been given the "you'll never work in this town again" speech.
https://twitter.com/ilyasut/status/1726590052392956028