Capitalism Works, Says ChatGPT
null By Holman W. Jenkins, Jr.Nov. 21, 2023 5:50 pm ETJournal Editorial Report:What was accomplished by applauding China's leader? Images: Zuma Press Composite: Mark KellyCritics 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.”Copyright ©2023 Dow Jones & Company, Inc. All Rights Reserved. 87990cbe85
Nov. 21, 2023 5:50 pm ET
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.”
Copyright ©2023 Dow Jones & Company, Inc. All Rights Reserved. 87990cbe856818d5eddac44c7b1cdeb8
Already a subscriber? Sign In
About this article
Holman W. Jenkins Jr. is a member of the editorial board of The Wall Street Journal. He writes the twice-weekly “Business World” column that appears on the paper's op-ed page on Wednesdays and Saturdays.
Mr. Jenkins joined the Journal in May 1992 as a writer for the editorial page in New York. In February 1994, he moved to Hong Kong as editor of The Asian Wall Street Journal's editorial page. He returned to the domestic Journal in December 1995 as a member of the paper's editorial board and was based in San Francisco. Mr. Jenkins won a 1997 Gerald Loeb Award for distinguished business and financial coverage.
Born in Philadelphia, Mr. Jenkins received a bachelor's degree from Hobart and William Smith Colleges and a master's degree in journalism from Northwestern University. He was a 1991 journalism fellow at the University of Michigan.
- Avis:
25% Off Avis Coupon Code 2023 - Expedia:
Exclusive Expedia Coupon: 25% Off + Extra 8% Off - TurboTax:
Save up to $15 with TurboTax coupon 2023 - The Motley Fool:
Epic Bundle - 3x Expert Stock Recommendations - Top Resume:
Top Resume Coupon: 10% off professional resume writing - Walmart:
$25 Off Walmart Promo Code | Valid on Any $50 Order
What's Your Reaction?
