The departure of Sam Altman as the CEO of OpenAI has all the elements of a good drama – a charismatic main character, unexpected plot twists, and a seemingly final act that includes the reinstatement of Altman as a CEO.
Tax implications - among other things - depend on how the deal was structured. We know very little about that. But recent events show that investors may need to think about governance and control before even considering impact of capital gains.
Limitations of GAAP allow that opacity, unfortunately. See also our previous post with Francine McKenna where we discuss opacity of legal contingency reserves.
Tax implications - among other things - depend on how the deal was structured. We know very little about that. But recent events show that investors may need to think about governance and control before even considering impact of capital gains.
Limitations of GAAP allow that opacity, unfortunately. See also our previous post with Francine McKenna where we discuss opacity of legal contingency reserves.