We have reached an agreement in principle for Sam Altman to return to OpenAI as CEO with a new initial board of Bret Taylor (Chair), Larry Summers, and Adam D’Angelo.
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Sam Altman will return as CEO of OpenAI, overcoming an attempted boardroom coup that sent the company into chaos over the past several days.
The company said in a statement late Tuesday that it has an “agreement in principle” for Altman to return alongside a new board composed of Bret Taylor, Larry Summers, and Adam D’Angelo.
When asked what “in principle” means, an OpenAI spokesperson said the company had “no additional comments at this time.”
OpenAI’s nonprofit board seemed resolute in its initial decision to remove Altman, shuffling through two CEOs in three days to avoid reinstating him.
Meanwhile, the employees of OpenAI revolted, threatening to defect to Microsoft with Altman and co-founder Greg Brockman if the board didn’t resign.
During the whole saga, the board members who opposed Altman withheld an actual explanation for why they fired him, even under the threat of lawsuits from investors.
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