Sam Altman Addresses ‘Potential Equity Cancellation’ in OpenAI NDA
From Business Insider: 2024-05-18 23:40:00
OpenAI CEO Sam Altman addressed reports of nondisparagement clauses in exit agreements, stating they were never enforced, and he was unaware of them. The clauses threatened the loss of vested equity for former employees who did not comply, but Altman confirmed they will be removed from future contracts. Both Superalignment co-lead Jan Leike and cofounder Ilya Sutskever recently left the company, with reasons for departure connected to differing views on OpenAI’s safety culture and processes. Altman expressed embarrassment over the existence of the clause and vowed to eliminate it from exit paperwork moving forward. OpenAI’s unique compensation package includes a base salary of $300,000 and equity compensation in the form of profit participation units. The company did not immediately respond to requests for comment.
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