Victor Kung — 'A governance structure that isn't load-bearing isn't governance. It's a suggestion.'

Kung is a product leader. He worked through the cases in Ries's conversation with Aakash Gupta: Johnson & Johnson's stone Credo and the talc scandal, Novo Nordisk's trustees vetoing a short-term move in the 2000s and protecting the runway that produced Ozempic, and a $10K bet on the Costco IPO that grew to $8.7M.

“OpenAI's board had the formal, legal authority to remove Sam Altman. What it didn't have was real power. Nothing bound employees or investors to honor the decision, so when both pushed back, the board reversed itself within days. A governance structure that isn't load-bearing isn't governance. It's a suggestion, and gravity doesn't respect suggestions.” — Victor Kung on LinkedIn