> I don't really understand Altman's compensation. I'm not sure I would WANT to work under a CEO that has literally ZERO stake in the company.
This is a non-profit not a company. The board values the mission over the stock price of their for-profit subsidiary.
Having a CEO who does not own equity helps make sure that the non-profit mission remains the CEOs top priority. In this case though, perhaps that was not enough.
This is a non-profit not a company. The board values the mission over the stock price of their for-profit subsidiary.
Having a CEO who does not own equity helps make sure that the non-profit mission remains the CEOs top priority. In this case though, perhaps that was not enough.