Page 8 - Ceo

OpenAI's unusual nonprofit structure led to dramatic ouster of Altman

Unlike Google, Facebook and other tech giants, the company behind ChatGPT was not created to be a business. It was set up as a nonprofit by founders who hoped that it wouldn't be beholden to commercial interests. But the arrangement got complicated. While OpenAI later transitioned to a for-profit model, its controlling shareholder remains the nonprofit OpenAI Inc. and its board of directors. This unique structure made it possible for four OpenAI board members the company's chief scientist, two outside tech entrepreneurs and an academic to oust CEO Sam Altman on Friday. The abrupt removal of one of the world's most sought-after AI experts led to an employee revolt that has put the entire organization's future in jeopardy and underscored the unusual arrangement that sets OpenAI apart from other tech enterprises. It's exceedingly rare for major tech companies to have such a structure. Facebook parent Meta, as well as Google and others, are essentially set up the opposite way givin

The governance imperative

In new-age companies with no promoters, institutional investors have a crucial role in shaping the board

Private lives, public markets

Health issues, divorce, court battles, moral turpitude, and more can all distract the CEO and impinge on a company's performance. So, how much of their private life should a company disclose?

It's our time : Anupam Mittal's invitation to ousted OpenAI CEO Sam Altman

Shaadi.com CEO and Shark Tank India judge Mittal was responding to Altman's tweet, where he said that he loved his time at Open AI

Genpact CEO 'Tiger' Tyagarajan announces retirement, B K Kalra to take over

Kalra has been a leader in business transformation - the key focus area of Genpact - with more than 30 years of experience

CEO of Tencent-backed Chinese live-streaming service DouYu goes missing

The 39-year-old CEO Chen Shaojie made his last public appearance in August when he spoke on the company's quarterly earnings conference call with financial analysts, the report said.

RBI asks private banks to have at least two whole-time directors: Explained

The Reserve Bank of India has directed private sector banks and wholly-owned subsidiaries of foreign banks to have at least two whole-time directors in addition to the MD and CEO

Zydus appoints Punit Patel as President & CEO for North American Operations

Punit Patel brings over 20 years of experience in both generic and branded pharmaceutical sectors

Black Box to expand into digital infra, data center integration space

Reliance Industries Ltd (RIL) announced in July that it is investing $122 million alongside Brookfield in a data centre joint venture

Bond inclusion benefits will play out in the long term: SBI MF CIO

The market was aware that during that latest round of consultations between index providers and investors

Nielsen names insider Karthik Rao as new CEO

Since early 2023, the 23-year veteran Rao has served as the chief of Nielsen's audience measurement business

Vedanta hires former Gold Fields CEO Griffith to run copper, zinc mines

Griffith stepped down as chief executive of Gold Fields in December, after a short stint at the Johannesburg-based gold producer, following an unsuccessful bid to buy Canadian Yamana Gold

RBI approves re-appointment of Sandeep Bakhshi as ICICI Bank MD & CEO

ICICI Bank, in an exchange filing, said that RBI approved the re-appointment of Sandeep Bakhshi as the MD and CEO of the bank

Bloomberg LP names product head Vlad Kliatchko as new CEO: Report

JP Zammitt will become president and Patti Roskill will be the chief financial officer, the memo said, adding that the company will form a new board

Honeywell appoints Maheshwari as prez & CEO of High Growth Region Portfolio

He will succeed Ben Driggs, who will be taking another leadership role in the company

When your work becomes the war: Welcome to the era of 'Top Gun' CEO

Increasing number of companies are turning to military-style training to prepare executives to handle uncertainty and flux

Tech Mahindra CEO CP Gurnani's salary halves in FY23 to Rs 32 crore

Gurnani earned Rs 25.6 crore in employee stock options (Esops) during FY23, a decrease of 56.46% from the previous year's earnings

Tata Cliq gets new CEO as Tata Digital reshuffles management

The changes at Tata Cliq are being finalised after the annual appraisal was recently closed at the e-commerce unit of Tata Group

CNN ousts CEO Chris Licht after a brief, tumultuous tenure of a year

CNN ousted chief executive Chris Licht after a tumultuous year leading the struggling news network that culminated in a damning magazine profile and the realization that he'd lost the confidence of the network's journalists. The change was announced at CNN's editorial meeting on Wednesday morning and came just two days after Licht said he would fight like hell to earn the trust of those around him. David Zaslav, CEO of CNN parent company Warner Bros. Discovery, accepted some of the blame for the network's struggles as he appointed a four-person interim leadership team. He promised a thorough search for replacing Licht, whom he informed of the leadership change on Wednesday morning. This really caps a tumultuous year for CNN that has seen shrinking profits, programming mistakes and really low employee morale, CNN media reporter Oliver Darcy said on his own network Wednesday. Licht had a mandate to try and make CNN more palatable to both sides of the country's political divide; ...

Who's Linda Yaccarino, the executive likely to replace Musk as Twitter CEO?

According to a report, Linda Yaccarino had previously told her friends that she aspired to be Twitter's CEO