this post was submitted on 18 Nov 2023
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173
Microsoft was blindsided by OpenAI's ouster of CEO Sam Altman (www.axios.com)
submitted 11 months ago by [email protected] to c/[email protected]
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Satya just released a statement https://blogs.microsoft.com/blog/2023/11/17/a-statement-from-microsoft-chairman-and-ceo-satya-nadella/

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[–] [email protected] 4 points 11 months ago

Company A was created independently. In a sense, it owned itself. After a while Company A decided it needed capital or a close business partner. Company A told company B "We will sell you a 49% share of our company for capital and close business relations." Company B accepted. Now what happened to the other 51%? They're still with Company A, so we can say that Company A owns shares of itself.