Adcock: Independent Board Members Make Terrible Decisions Because They Lack Equity
Brett Adcock · Avoiding an OpenAI Fiasco by Successfully Building Your Board · Nov 20, 2023 · at 15:16
Serial founder Brett Adcock discusses startup and public company board governance following the sudden firing of Sam Altman by OpenAI's board.
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“So you have like all these folks that have like no stock and no skin in the game coming in, trying to be impartial that are making the worst decisions I've ever seen. Like, it's just a fundamental issue with public companies. I fundamentally believe independent board members are extremely hurtful in the limit”
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