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. tptacek · 1790441715 · focus · HN ↗

      Yeah, if Mullenweg really did control a majority of the voting shares, the previous board are the villains in this story no matter what you think of Mullenweg.

      1. EA-3167 · 1790442890 · focus · HN ↗

         If they can see that Mullenweg has lost it completely and beyond their ability to influence, and they also know that he’s a tyrant who would happily screw them, this seems like a fairly rational exit.

         Obviously that may not be the case, but when the captain is steering the ship into rocks over and over the crew is going to take what they can and hit the lifeboats.

         Ed sp

         1. tptacek · 1790443143 · focus · HN ↗

            No, if the board doesn't believe it can continue to serve the company and meet its fiduciary duty, its obligation is to resign. CEO is an operational role; the board by design is not. It's a very big deal to "fire" the CEO, and doing so when you don't actually have the voting authority to follow through seems pretty close to malfeasance.

            1. Analemma_ · 1790443431 · focus · HN ↗

               I mean it sounds like “board which does not actually have the legal ability to fire the CEO” is a fundamentally defective concept and shouldn’t be allowed to exist in the first place. But once it does and you are in that situation, I think you are obligated to make the best attempt you can at your nominal duties. I have no idea where you’re getting “malfeasance” from at this attempt.

               1. tptacek · 1790444020 · focus · HN ↗

                  Wordpress is a private company. This is a normal private-company structure.

                  I'm not suggesting the board actually did anything legally risky here. The standards for that in Delaware are high. But morally, it's much harder to defend, so long as they knew this is what the outcome would be --- which it seems like they kind of clearly did.

                  1. FireBeyond · 1790460936 · focus · HN ↗

                     Automattic, you mean. But it’s easy to get confused. WP.org is him, not the Foundation, but is hosted on Foundation servers. WP Engine owes Automattic money, not the Foundation, or community, but Automattic because the Foundation silently granted Automattic commercial rights to WP, the same day they told the community they were the WordPress stewards to keep it free from commercial influence.

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