Thread

1. betteryet · 1790454725 · focus · HN ↗

   How did the board plan pull this off if Mullenweg has 84% of the voting shares? For that matter, what is even the purpose of a board in a multi-class share structure with the founder holding above 50% voting shares.

   1. ValentineC · 1790457054 · focus · HN ↗

      > For that matter, what is even the purpose of a board in a multi-class share structure with the founder holding above 50% voting shares.

      I guess it was mostly advisory, with the added purpose of making it seem like the various organisations were stewarded by members of the community that were not Matt Mullenweg.

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