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. hoten · 1790439645 · focus · HN ↗

         Didn't they craft themselves a nice golden parachute if fired? Then proceeded to kick off events that would guarantee their dismissal?

         That's less fiduciary duty and more hacking a payday.

         1. collingreen · 1790440628 · focus · HN ↗

            Getting out of a toxic job while failing up. Business can be strange sometimes.

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