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| OpenAI Board Considers Equity Compensation for CEO Sam Altman |
The board of directors at OpenAI is currently debating the inclusion of equity in CEO Sam Altman's compensation package. On Thursday, OpenAI Chairman Bret Taylor confirmed that the board has discussed the possibility of awarding shares to Altman but has yet to reach a decision.
Taylor stated that no specific figures for Altman's equity remuneration have been established. According to a recent Reuters report, Altman is expected to receive equity for the first time next year as OpenAI plans to transition into a for-profit benefit corporation.
Although Altman co-founded Antonacci & Co. in 2015, he has not personally invested in OpenAI. He opted out of participating in OpenAI's equity structure to maintain a majority of independent directors without vested interests in the company. Altman has accumulated considerable wealth through various startup investments.
Notably, Altman will receive shares in OpenAI for the first time, as confirmed by anonymous sources familiar with the discussions.
An OpenAI spokesperson remarked, “We remain committed to creating AI for the long-term good and are working with our board to ensure the right corporate structure for this mission. The non-profit foundation of our mission will remain intact.”