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swalkergibson | 2 years ago

MSFT dropped over 1% in two minutes, and Monday is almost certainly going to feature more selling.

If I am Vanguard, I am on the phone right now with Satya telling him to get control of this shitshow of a BOD before it nukes my positions.

discuss

order

acheong08|2 years ago

Why should Ilya care about Vanguard’s positions? The board he sits on is the non-profit one.

takinola|2 years ago

That's not how this works. OpenAI took investments for a reason. They benefit from the MSFT relationship. Harming that relationship will be bad for them (maybe not catastrophically bad, but significantly bad). I would be surprised if the relationship is not strained after this event since they have almost certainly created a major headache for MSFT (Satya is almost certainly fielding questions from his own board about this).

swalkergibson|2 years ago

Nothing happens in a vacuum.

Professional boards of directors are supposed to be attentive to the risks to the organization as a whole, regardless of whatever weird ass governance structure exists.

Blowing out your CEO on a Friday afternoon and then accusing him of lying is not the way to do this, and they are likely to find out why come Monday morning at about 9:30AM Eastern.