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>> "A huge chunk of the company went into open revolt and he got a competing offer that threatened to recruit all of them" - They had a huge funding (>80B?) ro
by rllearneratwork 3y ago
>> "A huge chunk of the company went into open revolt and he got a competing offer that threatened to recruit all of them"
- They had a huge funding (>80B?) round planned in which employees could cash-in. Without Sam that round was guaranteed to not happen. So they all had huge financial incentive to support them.
Which I guess, characterizes him as a great manager who thinks many steps ahead.
- carlossouza 3y agoThe non-profit-good-for-humanity speech is such a hypocrisy. All incentives all different stakeholders (employees, leadership, board, investors) have are all aligned with the full for-profit side of the organization. In fact, that’s the only side. “Show me the incentive and I’ll show you the outcome”. Charlie Munger
- fsckboy 3y ago>“Show me the incentive and I’ll show you the outcome”. Charlie Munger "Show me the loot, and I'll show you the theft" - Willie Sutton (when asked why he robbed banks, what he actually said was "Because that's where the money is")
- tptacek 3y agoThe "loot" here was compensation for the OpenAI employees actually doing the work, and they took it from a board that was doing... none of that work.