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. jacquesm · 1790461068 · focus · HN ↗

      Fig leaf and a way to offload some responsibility. I would never ever join a board like that, you're in the hot seat when it goes wrong and yet you have no agency.

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