Sam Altman did not inform the OpenAI board that he owned the OpenAI startup fund, despite claiming to be an independent board member.

The four OpenAI board members who fired Sam Altman concluded they could not believe what he was telling them after years of misrepresentation.

Several Silicon Valley investors believed Sam Altman's loyalties were divided, as he was known to make personal investments selectively into the best companies, blocking outside investors.

Sam Altman has indirect equity in OpenAI through the YC fund, which is Y Combinator.

Sam Altman stated under oath to Senator Kennedy that he has no equity in OpenAI.