OpenAI chief executive officer Sam Altman was cleared of any wrongdoing that would have mandated being fired from the company late last year, according to aWilmerHale, the law firm that conducted the inquiry, found that the board’s decision to fire Altman was a “consequence of a breakdown in the relationship and loss of trust between the prior board and Mr. Altman,” the artificial intelligence startup said Friday.
Days after he was fired, the startup agreed to reinstate Altman, replace all but one of its directors and give a nonvoting observer seat to Microsoft Corp., its biggest investor.Multiple people familiar with the board’s thinking previously told Bloomberg the directors’ move was the culmination of months spent mulling issues around Altman’s strategic manoeuvring and a perceived lack of transparency in his communications with directors.
The startup did not release the full findings of the review, but in a summary, it said WilmerHale determined that the prior board “did not anticipate that its actions would destabilise the company,” in firing Altman, and acted on an “abridged time frame.” Last October, in the run-up to his firing, Altman attempted to have Toner removed from her seat after she co-authored a research paper containing some criticism of OpenAI’s safety practices, Bloomberg previously reported.
Altman, meanwhile, has been working to raise funding for an ambitious chip venture, according to people familiar with the matter.The Securities and Exchange Commission is investigating whether the company misled its investors during the upheaval last year, according to a person familiar with the matter.
In December, after Altman’s return, Taylor and Summers said in a statement that they interviewed “several leading law firms” before picking WilmerHale attorneys Anjan Sahni and Hallie B. Levin to lead the review.“Larry, Adam and I are unanimous in our support of Sam continuing as CEO,” Taylor said.
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