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

148 points · 194 comments · ilamont

  1. betteryet · · 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. bradleyjg · · focus · HN ↗
      > what is even the purpose of a board in a

      Delaware law requires a board.

      Whether limited liability should actually be allowed at all in such a situation is a better question.

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