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Automattic has a new board after failed attempt to put CEO on leave

148 points · 194 comments · ilamont

  1. bloudermilk · · focus · HN ↗
    How does a CEO pull off resisting an ouster and firing the board?
    1. doikor · · focus · HN ↗
      By personally owning 84% of the voting shares. This coup was doomed to fail from the start.
      1. dylan604 · · focus · HN ↗
        Being on the board is a Sisyphean effort based on the weighted voting setup. Some seem to be slower to realize this. At that point, they could quit and walk away with nothing, or as others have suggested, this could have been done deliberately to at least get a payday on the way out.
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