Thread

1. xnx · 1790439571 · 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 · 1790443469 · 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. tjwebbnorfolk · 1790457922 · focus · HN ↗

         fiduciary to whom? everyone who invested in the company knew they were buying in to something where one person controlled it.

         1. hiddencost · 1790458734 · focus · HN ↗

            ... You still are supposed to act in the best interests of your share holders.

            "Obviously the CEO was going to break the law, anyone who thought otherwise was a fool." is not grounds for voiding the legal obligations that CEO has to his shareholders.

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