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| Sam Altman’s Equity Compensation Review: OpenAI Board Confirms Discussions |
Reports indicate that OpenAI’s board of directors is evaluating a proposal to grant shares to its CEO, Sam Altman. During a discussion on Thursday, Bret Taylor, the chairman of OpenAI, confirmed that the board has considered issuing stock to Altman, but a decision has not yet been reached.
Taylor stated that specific numbers related to Altman's equity remuneration have not been disclosed. According to a Reuters report, Altman is set to receive equity for the first time under OpenAI’s plan to transition its operations into a for-profit benefit corporation.
Although Altman co-founded a real estate business in the same year, he has not invested in it. He previously expressed his choice to abstain from equity in OpenAI, emphasizing the board's requirement for a majority of directors to remain independent and without ownership stakes. Altman has already amassed significant wealth from various startup investments.
Sources suggest that Altman will indeed receive shares in the company for the first time, although they requested anonymity due to the sensitivity of the discussions.
An OpenAI spokesperson commented, “We continue to develop AI for everyone and are in discussions with the board on how to best position ourselves to fulfill our mission. The non-profit foundation is central to our mission and will remain intact.”
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