• Home
  • News
  • Personal Finance
    • Savings
    • Banking
    • Mortgage
    • Retirement
    • Taxes
    • Wealth
  • Make Money
  • Budgeting
  • Burrow
  • Investing
  • Credit Cards
  • Loans

Subscribe to Updates

Get the latest finance news and updates directly to your inbox.

Top News

Fact Check: Are Grocery Prices Really Down Under Trump?

May 14, 2025

5 Personal Finance Trends Emerging Under Trump

May 14, 2025

The Flaws in Money Saving Methods: 9 Smarter Alternatives

May 14, 2025
Facebook Twitter Instagram
Trending
  • Fact Check: Are Grocery Prices Really Down Under Trump?
  • 5 Personal Finance Trends Emerging Under Trump
  • The Flaws in Money Saving Methods: 9 Smarter Alternatives
  • Why Small Business Success Comes Down to These 7 Things
  • Starbucks Workers Upset With New Dress Code Begin Strike
  • UnitedHealth Group Offers New CEO $60M Equity Award
  • Refugee’s Multimillion-Dollar Business Beat Odds: Skrewball
  • Self-Settled Asset Protection Trust Upheld By Delaware Court
Thursday, May 15
Facebook Twitter Instagram
FintechoPro
Subscribe For Alerts
  • Home
  • News
  • Personal Finance
    • Savings
    • Banking
    • Mortgage
    • Retirement
    • Taxes
    • Wealth
  • Make Money
  • Budgeting
  • Burrow
  • Investing
  • Credit Cards
  • Loans
FintechoPro
Home » OpenAI CEO’s ouster was over “breakdown of communications,” not “malfeasance,” executive writes in company memo
Investing

OpenAI CEO’s ouster was over “breakdown of communications,” not “malfeasance,” executive writes in company memo

News RoomBy News RoomNovember 18, 20230 Views0
Facebook Twitter Pinterest LinkedIn WhatsApp Reddit Email Tumblr Telegram

© Reuters. FILE PHOTO: Sam Altman, CEO of Microsoft-backed OpenAI and ChatGPT creator speaks during a talk at Tel Aviv University in Tel Aviv, Israel June 5, 2023. REUTERS/Amir Cohen/File Photo

By Anna Tong

OpenAI CEO Sam Altman’s firing was over a “breakdown in communication between Sam and the board,” and not “malfeasance or anything related to our financial, business, safety, or security/privacy practices,” Chief Operating Officer Brad Lightcap wrote in an internal company memo Saturday morning, viewed by Reuters.

The board of OpenAI, the company behind hit product ChatGPT, on Friday pushed out its high-profile CEO Altman, sending shock waves across the tech industry. The company appointed former chief technology officer Mira Murati as interim CEO.

The firing came as a surprise to Altman, and also blindsided many employees who discovered the abrupt management change from the company’s public facing blog, according to an X post from Greg Brockman, the former OpenAI president and co-founder. Brockman quit shortly after Altman was fired. Another senior researcher, Szymon Sidor, confirmed to Reuters that he had quit as well.

“Team – after yesterday’s announcement, which took us all by surprise, we have had multiple conversations with the board to try to better understand the reasons and process behind their decision. These discussions, and options regarding our path forward, are ongoing this morning,” Lightcap wrote in the memo.

“We can say definitively that the board’s decision was not made in response to malfeasance or anything related to our financial, business, safety, or security/privacy practices,” he wrote. “This was a breakdown in communication between Sam and the board.”

“We still share your concerns about how the process has been handled, are working to resolve the situation,” he added in the note. “Our collective responsibility right now is to our teammates, partners, users, customers, and the broader world who shares our vision of broadly beneficial AGI.”

Read the full article here

Featured
Share. Facebook Twitter Pinterest LinkedIn Tumblr Email

Related Articles

Fact Check: Are Grocery Prices Really Down Under Trump?

Burrow May 14, 2025

5 Personal Finance Trends Emerging Under Trump

Make Money May 14, 2025

The Flaws in Money Saving Methods: 9 Smarter Alternatives

Savings May 14, 2025

Why Small Business Success Comes Down to These 7 Things

Make Money May 14, 2025

Starbucks Workers Upset With New Dress Code Begin Strike

Investing May 14, 2025

UnitedHealth Group Offers New CEO $60M Equity Award

Make Money May 14, 2025
Add A Comment

Leave A Reply Cancel Reply

Demo
Top News

5 Personal Finance Trends Emerging Under Trump

May 14, 20250 Views

The Flaws in Money Saving Methods: 9 Smarter Alternatives

May 14, 20250 Views

Why Small Business Success Comes Down to These 7 Things

May 14, 20250 Views

Starbucks Workers Upset With New Dress Code Begin Strike

May 14, 20250 Views
Don't Miss

UnitedHealth Group Offers New CEO $60M Equity Award

By News RoomMay 14, 2025

UnitedHealth Group is calling a former CEO back to lead the company, and sweetening the…

Refugee’s Multimillion-Dollar Business Beat Odds: Skrewball

May 14, 2025

Self-Settled Asset Protection Trust Upheld By Delaware Court

May 14, 2025

7 Things TV’s Decline Can Teach You About Surviving a Recession

May 13, 2025
Facebook Twitter Instagram Pinterest Dribbble
  • Privacy Policy
  • Terms of use
  • Press Release
  • Advertise
  • Contact
© 2025 FintechoPro. All Rights Reserved.

Type above and press Enter to search. Press Esc to cancel.