‹ BackHN Continuity

Thread

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

148 points · 194 comments · ilamont

  1. xnx · · focus · HN ↗
    Fireship pointed out that the board members gave themselves a generous severance package in the very brief interim, so that was very possibly the whole plan.
    1. kingstnap · · focus · HN ↗
      Bizzare self dealing.

      Vote out dude who has 84% shareholder control.

      Immediately sign yourself a golden parachute deal for 8 million right before getting fired the next day.

      Seems like complete breach of fiduciary duty.

      1. cyanydeez · · focus · HN ↗
        yeah, because as we know, Corporations are all about ... giving
        1. irregularbowels · · focus · HN ↗

          [dead]

Open on Hacker News to reply ↗

Unofficial Hacker News client; not affiliated with Y Combinator.