Thread

1. flerchin · 1790439254 · focus · HN ↗

   It says he has 84% of the voting shares. Is there any possible way that the board could have been successful? Regardless of Mullenberg, (and I know he's controversial) a coup that is pre-ordained to fail seems like value destroying negligence.

   1. jordanb · 1790439445 · focus · HN ↗

      They could have known they wouldn't succeed but they could have decided their fiduciary duty requires them to either try or resign.

      1. doikor · 1790439729 · focus · HN ↗

         Yeah the minority share holders can’t sue them for not trying to do their job even if it lead to them getting fired. (They could have quit too)

         If they truly believe the CEO was destroying the company/its value.

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