OpenAI: Board “discussed” equity compensation for Sam Altman

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SAN FRANCISCO: OpenAI’s chairman Bret Taylor on Thursday said the board has discussed whether to compensate CEO Sam Altman with equity but no decision has been made.

In a statement, he said no specific figures have been discussed for any equity compensation for Altman.

Read more: OpenAI restructures as Mira Murati becomes latest to leave

Reuters reported on Wednesday that OpenAI is working on a plan to restructure its core business into a for-profit benefit corporation and that Altman would receive equity for the first time in the for-profit company.

Altman, who cofounded the company in 2015, has not taken a stake in the company up to this point. Already a billionaire from his multiple startup investments, he has previously stated that he chose not to take shares in OpenAI because the board needed a majority of disinterested directors with no stake in the company.