The chairperson doesn't have dictatorial powers over the company. They are just the leader of the board of directors. Any employee still needs the support of t

The chairperson doesn't have dictatorial powers over the company. They are just the leader of the board of directors. Any employee still needs the support of their managers and colleagues in order to retain their role, and if that becomes lost beyond redemption (which it clearly has in this case), your role as an employee is over. But influence over the board is still determined by the size of your shareholding, so as long as Rand has enough shares and support from other directors, he can remain as chairperson. The board and executive may indeed want him to continue as chairperson long-term, as he's still the identifiable figurehead of the company and knows its history better than anyone. Being a director/chairperson vs being a manager in a growth-stage company require very different credentials and abilities.