Last week, Elon Musk sued OpenAI, CEO Sam Altman and President Greg Brockman, alleging breach of contract and unfair competition.
The reproduced messages follow a starkly different point of view Musk represented last week, when he sued OpenAI, CEO Sam Altman and President Greg Brockman, alleging breach of contract and unfair competition.
The way companies and ownership work that’s actually quite possible and reasonable.
The count of shares you have represent how much control you have over a company.
If you own a company private or public that does well and you want to retain control of it, you need to own at least over 50% of the voting rights.
Wanting to control your company isn’t that outlandish a desire. There have been plenty of stories of people getting ousted over the years.
Simply owning a company that does well could result in you becoming a billionaire.
And I’m not arguing against what the other poster said, to get to that point there’s gotta be some level of ruthlessness, disregard for others etc.
Just that there is actually a reason to desire more even if you have all your needs met. Being rich shouldn’t mean you have to give up control, and its really hard to change corporate structure once public.
Facebook for example is set up where Zuckerberg has >50% voting rights. Is that bad? Probably. But it’s his company, and I don’t fault him for wanting to keep it that way.
Edit: and yes I’m aware of Zucks fuckery to get / maintain that share and his co-founders
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The way companies and ownership work that’s actually quite possible and reasonable.
The count of shares you have represent how much control you have over a company.
If you own a company private or public that does well and you want to retain control of it, you need to own at least over 50% of the voting rights.
Wanting to control your company isn’t that outlandish a desire. There have been plenty of stories of people getting ousted over the years.
Simply owning a company that does well could result in you becoming a billionaire.
And I’m not arguing against what the other poster said, to get to that point there’s gotta be some level of ruthlessness, disregard for others etc.
Just that there is actually a reason to desire more even if you have all your needs met. Being rich shouldn’t mean you have to give up control, and its really hard to change corporate structure once public.
Facebook for example is set up where Zuckerberg has >50% voting rights. Is that bad? Probably. But it’s his company, and I don’t fault him for wanting to keep it that way.
Edit: and yes I’m aware of Zucks fuckery to get / maintain that share and his co-founders
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Sure. But that doesn’t negate a real motive/desire for more thats unrelated to that.
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A natural desire to manage what they created or regain that control if they (willingly) gave it up and regret the decision.
The idea that people have that they can just rip away control of a company from someone because it made them rich is frankly, disgusting.
There’s really only two ways to become a billionaire, and that’s investing, or owning a company, so it’s not really a odd story to come up with.
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