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She's giving out her shares to existing investors in exchange for immunity, so she will lose majority control in exchange for not going to jail, and the bits wi
by trevyn 10y ago
She's giving out her shares to existing investors in exchange for immunity, so she will lose majority control in exchange for not going to jail, and the bits will be salvaged. Kind of like a settlement, I guess?
"she showed 'a level of selflessness and grace reflecting her commitment to the company’s success.'"
Wow. Just wow. That is some masterful spin.
- georgeecollins 10y agoYes wow! She is agreeing to give up some shares in a company that would probably be worthless after the lawsuit, in exchange for avoiding that lawsuit. Not all of them, some of them. Win win. A saint.
- ThrustVectoring 10y agoIt might be worth it for wresting majority control from Holmes, which means that the company could be shut down and liquidated for whatever remaining cash is on hand (rather than continuing to operate some probably-worthless projects).