Sam Is Back At Open AI
5 Days, 4 CEOs, $13 bil Investee Portfolio Co, 1 Board Exit, New Temp Board And More
That is the one-line summary of a dance drama unleashed between a $3 Trillion Corporation, a $13 billion investment, in a tech firm that was the global leader of new technology with a board that seemed too premature or simply unqualified to manage anything.
Why smart people do dumb things is a question people are asking.
This entire saga brings up several questions that need to be answered.
1 — what started it all and was it even necessary?
2 — what was the objective of this entire drama?
3 — how come Microsoft didn’t even have a board seat on a $13 Billion investment?
4 — how did Microsoft simply allow a portfolio company CEO to come in and join them overnight to run a parallel initiative? What does that mean?
5 -How did the deposed CEO bring in his team members like it was a high school prom party?
6 — how did the Board replace Mira in an overnight coup and on what basis was the candidate picked?
7 — did the Board not inform Microsoft the biggest investor about the planned deposition of the CEO?
Let’s hope all is well and that ends well.
A more detailed investigation will certainly open up now and let's hope wisdom prevails. For the good of all and the industry in particular.
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