Okay, Sam Altman Is Back, But For Governance Experts What's Interesting Is That There Is Also a New Board

 The world woke up to find that Sam Altman, co-founder of OpenAI, is back as CEO of that organization. But in this era of intense focus on governance more of the analysis of the recent turmoil at OpenAI could be on the structure and operation of boards. 

At OpenAI there is a new board. It is headed by former co-CEO of Salesforce Bret Taylor. Joining it has been economics heavyweight Larry Summers. The latter, former head of the US Treasury, is no stranger to conflict. He had been forced out as President of Harvard.

The boards began to be a high-profile issue when the Little Engine That Could Engine No. 1, despite its small size, managed to get three eco-friendlies on the board of Exxon. In addition has been the issue of the passive board. The first fall of WeWork and the collapse of Theranos were partly blamed on boards which just went along with the persuasive founders.

Currently activist investors could push through a hostile takeover of Disney. Meanwhile proxy fights are the new usual.

Among the law firms with special expertise advising boards are:

Kirkland and Ellis

Latham

Sidley

Vinson

Paul, Weiss

Ropes & Gray 

Skadden

In my coaching, clients have become very pragmatic about the sources of their income. They want their employers to be totally business-like and the public corporations they invest in to keep boosting the stock price. The latter could determine when they decide to retire. Also, before retirement they would consider unionizing to protect their interests in the workplace. 

Data or the gut for your careers and communications? Both of course. Complimentary consultation with intuitive coach, content-creator, and Tarot reader Jane Genova (text 203-468-8579, janegenova374@gmail.com).


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