Amid recent resignations at OpenAI, CEO Sam Altman has addressed concerns regarding a controversial clause in the company’s exit agreements that suggested the potential for equity cancellation.
Altman emphasized that OpenAI has never used this clause and guaranteed the vested equity will not be affected by any separation agreements or non-disparagement agreements..
OpenAI Clarification on Vested Equity
Altman stressed that the clause, which was in previous exit documents, was a wrong thing to do and should not have been there.
“I take the full responsibility for this and it is one of the very few times I have been really embarrassed running OpenAI; I did not know that this was happening, and I should have,” Altman said.
He told the ex-employees that any worries they had over this clause could be dealt with him directly for their correction.
The equity cancellation provision was the cause of many doubts regarding its purpose and possible misuse. Altman admitted the mistake an
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