OpenAI Leaders' Efforts to Bring Back Altman Reach Impasse Over Board Role

  • OpenAI’s leaders want board removed, but directors resisting
  • Board given 5 p.m. deadline to give in to Altman’s demands
WATCH: Sources say efforts by some staff and investors to reinstate Sam Altman as CEO of OpenAI are hitting a snag. Annabelle Droulers reports.Source: Bloomberg
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Efforts by a group of OpenAI executives and investors to reinstate Sam Altman to his role as chief executive officer reached an impasse over the makeup and role of the board, according to people familiar with the negotiations. Resolution could come quickly, though talks are fluid and ongoing.

Altman, who was fired Friday, is open to returning but wants to see governance changes, including the removal of existing board members, said the people, who asked not to be identified because the negotiations are private. He’s also seeking a statement absolving him of wrongdoing, they said. After facing intense outrage over the ouster, the board initially agreed in principle to step down, but have so far refused to officially do so. The directors have been vetting candidates for new directors.