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frogblast • today at 2:09 PM • 1 reply • view on HN

Because the CEO serves at the pleasure of the Board. The board decided it was time for him to go.

Then it was a negotiation about how.

Sometimes people can see the writing on the wall and choose to not burn down their life’s work on the way out.


Replies

koolba • today at 2:25 PM

> Because the CEO serves at the pleasure of the Board. The board decided it was time for him to go.

That’s also why more recent tech companies got rid of that pesky independent board by having total voting control.