OpenAI saga: Sam Altman back, set to replace Emmett Shear; a look at CEOs with shortest tenure | Mint
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Business News/ Companies / People/  OpenAI saga: Sam Altman back, set to replace Emmett Shear; a look at CEOs with shortest tenure
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OpenAI saga: Sam Altman back, set to replace Emmett Shear; a look at CEOs with shortest tenure

Emmett Shear, a former chief executive of Twitch, was announced as the interim CEO by OpenAI's embattled board on November 20.

Emmett Shear was announced as the new OpenAI CEO on November 20, 2023, He is set to be replaced as Sam Altman is returning to the AI startup(Lea Suzuki/San Francisco Chronicle via AP) (AP)Premium
Emmett Shear was announced as the new OpenAI CEO on November 20, 2023, He is set to be replaced as Sam Altman is returning to the AI startup(Lea Suzuki/San Francisco Chronicle via AP) (AP)

OpenAI, the startup behind artificial intelligence (AI)-based chatbot sensation ChatGPT, has reached an agreement with its ousted chief executive officer Sam Altman to bring him back to the company. The reconciliation, which comes barely five days after Altman's exit, is set to end the tenure of Emmett Shear who was given the top role two days ago.

Shear, a former chief executive of Twitch, was announced as the interim CEO by OpenAI's embattled board on November 20. He has welcomed the agreement between the company and Altman, saying that he is “glad to be part of the solution".

With Shear's stint as the CEO set to conclude within a few days, here's a look at five chief executives with some of the shortest tenures.

Also Read: Who is Emmett Shear? Former Twitch Chief and new interim CEO of OpenAI

- Fritz Henderson, CEO of General Motors for 9 months

Henderson was appointed as the chief executive of General Motors on March 1, 2009, following the auto sector crisis. While he was seen to be making considerable progress, the GM board asked him to resign on December 1, 2009 – a decision that left the auto industry stunned.

- Ed Whitacre Jr, CEO of General Motors for 9 months

The next on the list is Whiteacre Jr, who succeeded Henderson as the CEO of GM in December 2009. Although he was credited for strengthening the company's financials and preparing it for the initial public offering (IPO), he was replaced nine months later.

- Jack Griffin, CEO of Time for 5 months

The tenure of Griffin as the chief executive of Time was marred in controversies. He was given the top role in September 2010. He had allegedly ruffled feathers with his "tough style", company insiders told The Daily Beast. The publication removed him as the CEO in February 2011.

- Robert Willumstad, CEO of AIG for 3 months

Willumstad was appointed as the chief executive of American International Group (AIG) in June 2008, at a time when the US economy was in the midst of a recession. During his tenure, the shares dropped by 97 percent, but the fall was blamed on the company's pre-existing condition. Willumstad was replaced in September 2008. He reportedly refused to accept the severance payment for three months' work, amounting to $22 million, as he could not execute his strategy.

- Alan Fishman, CEO of Washington Mutual for 17 days

Fishman succeeded Kerry Killinger, who served as the CEO of Washington Mutual for 18 years, on September 8, 2008. He assumed the top role at a time when the firm was seen to be collapsing due to the massive financial crisis. With JP Morgan taking over Washington Mutual in the same month, Fishman's tenure as the CEO of the company ended in 17 days.

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Published: 22 Nov 2023, 03:51 PM IST
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