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How 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
by RockyMcNuts 10y ago
How 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.