OpenAI shareholders are privately questioning CEO Sam Altman’s fitness to lead a potential initial public offering. Investors cite concerns regarding Altman’s extensive personal investments and opaque financial holdings. These issues contributed to his temporary removal from the company in November 2023.
Shareholders have reportedly proposed board chair Bret Taylor as a potential successor. Taylor previously served as co-CEO of Salesforce and joined OpenAI following Altman’s reinstatement.
The board recently implemented stricter conflict-of-interest policies to address these concerns. Taylor maintains that Altman remains uniquely qualified to lead the organization.