https://howitunfolded.com/companies/openai-board-altman-ouster-2023/On 17 November 2023 OpenAI's nonprofit board removed Sam Altman as CEO, saying he had not been consistently candid with it. After Microsoft said it would hire him and most staff threatened to leave, he returned within days under a new board, and a law firm review later found his conduct did not mandate removal. OpenAI then rebuilt its structure, completing a recapitalization in October 2025 that kept the nonprofit in control of a public benefit corporation.enhttps://howitunfolded.com/companies/openai-board-altman-ouster-2023/#e22openai-board-altman-ouster-2023-0e42b9b8d6Wed, 09 Sep 2026 12:00:00 +0000OpenAI said AI alignment researcher Paul Christiano had joined the OpenAI Foundation board and its Safety and Security Committee.https://howitunfolded.com/companies/openai-board-altman-ouster-2023/#e21openai-board-altman-ouster-2023-13c89fbe51Mon, 08 Jun 2026 12:00:00 +0000OpenAI said it had confidentially submitted a draft S-1 registration statement and had not decided on the timing of a listing, according to its announcement as reproduced by StorageNewsletter and reported by eWeek.https://howitunfolded.com/companies/openai-board-altman-ouster-2023/#e20openai-board-altman-ouster-2023-e6e17e3f18Mon, 18 May 2026 12:00:00 +0000An advisory jury found that Musk waited too long to bring his claims, and Judge Yvonne Gonzalez Rogers adopted the verdict and dismissed them, the Associated Press reported.https://howitunfolded.com/companies/openai-board-altman-ouster-2023/#e19openai-board-altman-ouster-2023-849601b2ecTue, 12 May 2026 12:00:00 +0000Altman testified the next day and disputed testimony that portrayed him as dishonest, the Associated Press reported.https://howitunfolded.com/companies/openai-board-altman-ouster-2023/#e18openai-board-altman-ouster-2023-f5f4f22d67Mon, 11 May 2026 12:00:00 +0000Testifying in Elon Musk's lawsuit against OpenAI in federal court in Oakland, Sutskever said he had spent about a year gathering evidence for the board that Altman showed a consistent pattern of lying, and had prepared a document that ran to 52 pages, Reuters reported. Reuters reported that after the removal the remaining directors met with Anthropic about a proposal for it to merge with OpenAI.https://howitunfolded.com/companies/openai-board-altman-ouster-2023/#e14openai-board-altman-ouster-2023-b2f0ae60dcTue, 28 Oct 2025 12:00:00 +0000OpenAI said the nonprofit, renamed the OpenAI Foundation, kept control of the business, now OpenAI Group PBC, and held equity valued at about 130 billion dollars. It said it made several changes after nearly a year of dialogue with the two attorneys general.https://howitunfolded.com/companies/openai-board-altman-ouster-2023/#e15openai-board-altman-ouster-2023-e57111cf73Tue, 28 Oct 2025 12:00:00 +0000Delaware Attorney General Kathy Jennings issued a statement of no objection to the recapitalization. Her conditions include that only the nonprofit can appoint and remove directors of the PBC, that safety and security decisions put the mission ahead of shareholder interests, and that the nonprofit keeps a safety committee able to halt model releases.https://howitunfolded.com/companies/openai-board-altman-ouster-2023/#e16openai-board-altman-ouster-2023-086839ecb7Tue, 28 Oct 2025 12:00:00 +0000California Attorney General Rob Bonta said his office would not go to court to oppose the plan after obtaining concessions on the use of charitable assets, safety and OpenAI staying in California, set out in a memorandum of understanding with OpenAI.https://howitunfolded.com/companies/openai-board-altman-ouster-2023/#e17openai-board-altman-ouster-2023-f544aa29b6Tue, 28 Oct 2025 12:00:00 +0000Microsoft said its stake in OpenAI Group PBC was valued at about 135 billion dollars, roughly 27 percent on an as-converted diluted basis, and that OpenAI had contracted to buy an additional 250 billion dollars of Azure services.https://howitunfolded.com/companies/openai-board-altman-ouster-2023/#e13openai-board-altman-ouster-2023-4131ff3e87Mon, 05 May 2025 12:00:00 +0000After discussions with the offices of the California and Delaware attorneys general, OpenAI said its nonprofit would continue to control the for-profit, which would become a public benefit corporation, and that the capped-profit structure would be replaced.https://howitunfolded.com/companies/openai-board-altman-ouster-2023/#e12openai-board-altman-ouster-2023-4550ef6760Fri, 27 Dec 2024 12:00:00 +0000OpenAI said it planned to turn its existing for-profit into a Delaware public benefit corporation with ordinary shares, with the nonprofit holding shares in it and hiring its own staff for charitable work.https://howitunfolded.com/companies/openai-board-altman-ouster-2023/#e11openai-board-altman-ouster-2023-0858ed738eTue, 09 Jul 2024 12:00:00 +0000Microsoft told OpenAI in a letter that it was giving up the non-voting observer seat it took in November 2023, Reuters reported. Reuters said the seat and Microsoft's investment of more than 10 billion dollars had drawn scrutiny from regulators in the EU, Britain and the US.https://howitunfolded.com/companies/openai-board-altman-ouster-2023/#e9openai-board-altman-ouster-2023-4da04c2a04Fri, 08 Mar 2024 12:00:00 +0000OpenAI published a summary of WilmerHale's review, which it said involved dozens of interviews and more than 30,000 documents. The summary said there was a breakdown in trust between the prior board and Altman, that the prior board acted within its broad discretion, and that the decision did not arise from product safety, security, the pace of development, finances or statements to investors. It said the board acted on an abridged timeframe without advance notice to key stakeholders. The full report was not published.https://howitunfolded.com/companies/openai-board-altman-ouster-2023/#e10openai-board-altman-ouster-2023-c2d95f573dFri, 08 Mar 2024 12:00:00 +0000OpenAI said Altman would rejoin its board and named Sue Desmond-Hellmann, Nicole Seligman and Fidji Simo as directors. It announced new governance guidelines, a stronger conflict of interest policy, a whistleblower hotline and new board committees.https://howitunfolded.com/companies/openai-board-altman-ouster-2023/#e8openai-board-altman-ouster-2023-0ce97b6416Fri, 08 Dec 2023 12:00:00 +0000OpenAI said a committee of Taylor and Summers had selected the law firm WilmerHale to conduct the review, according to an update added to its 29 November post.https://howitunfolded.com/companies/openai-board-altman-ouster-2023/#e6openai-board-altman-ouster-2023-dfb7fb22cdWed, 29 Nov 2023 12:00:00 +0000OpenAI announced that Altman had returned as CEO, Murati as CTO and Brockman as president. The new initial board was Bret Taylor as chair, Larry Summers and Adam D'Angelo, with a non-voting observer seat for Microsoft. Altman wrote that Sutskever would no longer serve on the board.https://howitunfolded.com/companies/openai-board-altman-ouster-2023/#e7openai-board-altman-ouster-2023-124680db78Wed, 29 Nov 2023 12:00:00 +0000Taylor said the board would set up an independent committee to oversee a review of the recent events, OpenAI's post said.https://howitunfolded.com/companies/openai-board-altman-ouster-2023/#e5openai-board-altman-ouster-2023-114c921c16Tue, 21 Nov 2023 12:00:00 +0000OpenAI said it had reached an agreement for Altman to return as CEO and agreed in principle to partly reconstitute the board, with Bret Taylor and Larry Summers joining Adam D'Angelo, Reuters reported. Nadella welcomed the change.https://howitunfolded.com/companies/openai-board-altman-ouster-2023/#e1openai-board-altman-ouster-2023-e4b30f46f0Mon, 20 Nov 2023 12:00:00 +0000Former Twitch CEO Emmett Shear announced he had become OpenAI's interim CEO, replacing Murati after three days, ABC News and AFP reported. Shear said the board had not removed Altman over a disagreement on safety.https://howitunfolded.com/companies/openai-board-altman-ouster-2023/#e2openai-board-altman-ouster-2023-0d2876d89eMon, 20 Nov 2023 12:00:00 +0000Microsoft CEO Satya Nadella wrote on X that Altman and Brockman, who had resigned from OpenAI, would join Microsoft to lead a new AI research team, ABC News and AFP reported.https://howitunfolded.com/companies/openai-board-altman-ouster-2023/#e3openai-board-altman-ouster-2023-db3a837eb6Mon, 20 Nov 2023 12:00:00 +0000Hundreds of OpenAI employees signed a letter calling on the board to resign and reinstate Altman, saying they might otherwise leave for Microsoft. ABC News put the number of signatories at nearly 600, while AFP cited reports of up to 500 of about 770 staff. Signatories included Murati and board member Sutskever, both outlets reported.https://howitunfolded.com/companies/openai-board-altman-ouster-2023/#e4openai-board-altman-ouster-2023-4b153db2c1Mon, 20 Nov 2023 12:00:00 +0000Sutskever, OpenAI's chief scientist and one of the directors who voted to remove Altman, posted on X that he regretted his part in the decision, ABC News reported.https://howitunfolded.com/companies/openai-board-altman-ouster-2023/#e0openai-board-altman-ouster-2023-1e55622e94Fri, 17 Nov 2023 12:00:00 +0000OpenAI's board said Altman would leave as CEO and leave the board after a review it had carried out, and named chief technology officer Mira Murati interim CEO. It said Greg Brockman would step down as board chair but stay at the company. The board then consisted of Ilya Sutskever, Adam D'Angelo, Tasha McCauley and Helen Toner, the post said.