Opinion | Capitalism Works, Says ChatGPT


A royal governance screw-up shows what nonprofits could learn from CEO pay. Holman W. Jenkins, Jr.

Critics of CEO pay often begin and end with the claim that the CEOs don’t “deserve” their giant salaries, but deserve has nothing to do with it. Large and pre-emptory carrots aren’t about reward after the fact. They are about control before the fact, designed tightly to harness the interests of the key decision maker, especially in a media and legal environment where a loose cannon CEO can do untold damage to organizational interests.

By late Sunday, on the question of the day—why was CEO Sam Altman of OpenAI, creator of ChatGPT, fired from his job?—ChatGPT had this to say: “The board stated that Altman ‘was not consistently candid in his communications.’ However, specific details surrounding Altman’s departure have not been publicly disclosed.”

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