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1. bloudermilk · 1790439303 · focus · HN ↗

   How does a CEO pull off resisting an ouster and firing the board?

   1. jordanb · 1790439590 · focus · HN ↗

      Apparently corporate structure gave him power over the board. Historically this kind of structure was considered undesirable and illegal in a public company, but beginning in the 2000s there was this idea that "visionary founders" should be able to demand absolute control, ex: Zuckerberg

      1. ValentineC · 1790457556 · focus · HN ↗

         Automattic also isn't a public company.

         I think many employees have hoped that it would IPO, but Mullenweg was already "post-economic" financially comfortable, and probably wasn't thrilled at giving up more control, or actually being subject to further scrutiny

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