> I am not sure what the news is
The news is that lying on those filings is a federal crime and can lead to jail time (for normal people who are actually subject to law).
The news is that lying on those filings is a federal crime and can lead to jail time (for normal people who are actually subject to law).
1) I don't believe even if malicious this would be a criminal case that leads to jail time.
2) The s-1 filings are prepared and audited by third party companies.
3) Most likely in this case, these positions are listed to outline any potential conflicts of interest. I am not well read on the matter but I could see that you would list potential engagements to note the conflict of interest even if they are not finalized.
does it completely release liability?
And signed by…whom?
That's Altman-esque language.
In the article they quote Marc Fagel, who previously served as the regional director for the SEC's office in San Francisco:
"Misstating the qualifications of executives is something the SEC takes seriously,"
Still, I doubt anyone is getting fired over this. And the document was not written by an oligarch, lol.
No, only about one, in order to pump up his career, and AIUI signed by him. "lol hahaha"
Who is supposedly at risk of being fired if not the person who wrote the document?
Should Altman fire himself or what are you talking about?
He probably won't, so someone else should do it for him.
(Ideally, someone who seems so shady should of course never have ended up in such positions of power in the first place.)
> Who is supposedly at risk of being fired if not the person who wrote the document?
The one who stands to benefit from the lie. In the case of the ordinary Joe that is of course one and the same; he can't afford to hire someone to delegate his CV faking to. But just because the bigshots can offload “trivial” tasks like that onto someone else doesn't make the moral responsibility anyone else's than their own.
Suggesting the one who should be fired is the office slave who actually typed the hype is
1) As absurd as Joe Schmoe claiming it isn't he, but the pen he signed his faked CV with that should be fired; and
2) A sign of a wholly non-functional moral compass.
Yes, I'm sure any board would fire their CEO for this if only he wasn't an oligarch. /s
Yeah, let's see the regular Joe Schmoe get away with how he didn't lie on his CV, it was just “a trivial mistake done by whoever was drafting the document.”
Yeah, probably not. The problem is that they should.
The other problem is that people say stuff like "People don't go to jail for errors like these" as if that weren't a problem.