Sam Altman: preference

Transcript context

…It’s been criticized, some of the people that are added to the board. I heard a lot of people criticizing the addition of Larry Summers, for example. What’s the process of selecting the board? What’s involved in that? So Brett and Larry were decided in the heat of the moment over this very tense weekend, and that weekend was a real rollercoaster. It was a lot of ups and downs. And we were trying to agree on new board members that both the executive team here and the old board members felt would be reasonable. Larry was actually one of their suggestions, the old board members. Brett, I think I had even previous to that weekend suggested, but he was busy and didn’t want to do it, and then we really needed help in [inaudible 00:09:22]. We talked about a lot of other people too, but I felt like if I was going to come back, I needed new board members. I didn’t think I could work with the old board again in the same configuration, although we then decided, and I’m grateful that Adam would stay, but we considered various configurations, decided we wanted to get to a board of three and had to find two new board members over the course of a short period of time. So those were decided honestly without… You do that on the battlefield. You don’t have time to design a rigorous process then. For new board members since, and new board members we’ll add going forward, we have some criteria that we think are important for the board to have, different expertise that we want the board to have. Unlike hiring an executive where you need them to do one role well, the board needs to do a whole role of governance and thoughtfulness well, and so, one thing that Brett says which I really like is that we want to hire board members in slates, not as individuals one at a time. And thinking about a group of people that will bring nonprofit expertise, expertise at running companies, good legal and governance expertise, that’s what we’ve tried to optimize for. So is technical savvy important for the individual board members?…

Stored transcript either side of the excerpt. The highlighted words are the published quote; the surrounding text is unedited source, never generated.