Jim Bianco
Jim Bianco|Nov 15, 2026 20:40
If Jensen returns, it would not be without precedent… Sam Altman was abruptly fired as CEO of OpenAI on Friday, November 17, 2023, only to be reinstated five days later on November 21, 2023, following a massive revolt by employees and major investors --- FYI On Nov 17, 2023, OpenAI’s nonprofit board abruptly fired CEO Sam Altman. Just five days later (Nov 21), he was reinstated after Microsoft offered to hire him and >95% of OpenAI’s staff threatened to quit unless the board stepped down. * A total breakdown in trust between Altman and the board (not fraud or a specific AI safety failure). Key friction points included: * Lack of candor: Board members felt kept in the dark on major moves (e.g., finding out about ChatGPT’s launch on Twitter and Altman’s ownership of the OpenAI Startup Fund externally). * Internal friction: Senior leaders accused Altman of pitting executives against each other, and board members felt he tried to manipulate them into ousting director Helen Toner over a critical research paper. * Governance clash: A small, safety-focused nonprofit board held absolute firing power over a CEO aggressively scaling a hyper-growth commercial business. -- If Elon or someone else hires Jensen, is the board afraid he’ll take hundreds of its best employees with him?
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