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Good point and observation. In this particular case, it is moot since Benioff is above doing any side-deals to put more money into his kitty. I would certainly
by throwaway6497 10y ago
Good point and observation. In this particular case, it is moot since Benioff is above doing any side-deals to put more money into his kitty. I would certainly suspect a VC on a public company board and the company buying the start-up VC invested in. Lots of examples like that.
- was_boring 10y ago> In this particular case, it is moot since Benioff is above doing any side-deals to put more money into his kitty. What makes you say this?
- RockyMcNuts 10y agoHow is it moot? on the Salesforce side Salesforce is giving Benioff personally a huge exit with shareholder money. On the Quip side he will recuse himself from the final decision, but of course he had insider info, and can offer a lot of reasons board, management might not want to look for a higher. Seems like a nice exit, but seems foolish to pretend conflicts don't exist. In fact, like someone said "no conflict, no interest."
- throwaway6497 10y agoOh! Sorry for the confusion. Conflicts do exist. I am was speaking purely from the point of view of Benioff pulling of something questionable with the express intention of putting in more money in his kitty or do good for his investments opportunistically. I was saying Benioff is beyond that. Legally speaking, he will have to tread this carefully, and show that he didn't shirk his fiduciary duty as a board member and CEO while making this deal.