OpenAI Allows Employees to Donate Equity to Charity After Policy Change
By
Hayden Field
Toasted golden, schmeared with insight. Top of the rack.
Summary
OpenAI has reversed its policy and will now allow current and former employees to donate their equity shares to charity, responding to years of employee frustration. The change could enable employees who received six-figure equity deals in 2019 to donate millions of dollars to charitable causes, as the company's share price has increased significantly since then.
Key quotes
· 4 pulledCurrent and former OpenAI employees have grown increasingly frustrated by the fact that the company hasn't allowed them to donate their equity to charity in years.
OpenAI has finally seemed to bow to pressure, sending out an email from the company's equity team stating that current and former employees with eligible shares will be able to participate.
It could give employees who got six-figure equity deals in 2019 the chance to donate millions of dollars to charity.
And the company's price per share has gone up significantly.
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