OpenAI ex-employees worry about company's control over their millions of dollars in shares
Publishing timestamp: 2024-06-11 14:54:36
Summary
OpenAI's valuation is soaring, but with no IPO in sight, the company is allowing employees to sell some equity in secondary transactions. Ex-employees with millions of dollars worth of stock are concerned about OpenAI's power to determine who can participate in these sales. The company has faced controversies in the past, including issues with exit agreements affecting stock holdings and concerns about clawing back vested equity. The company has also faced criticism for its treatment of ex-employees who work at competitors.
Sentiment: MIXED
Keywords: generative ai, business news, breaking news: technology, technology, apple inc, artificial intelligence, microsoft corp,