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Article explains somewhat about the hows but not really the why, other than alluding to “differences in vision.” Maintaining transparency about these things is
by rajacombinator 8y ago
Article explains somewhat about the hows but not really the why, other than alluding to “differences in vision.” Maintaining transparency about these things is a bit tricky!
- dsl 8y agoIn any other situation it would be the CEO leaving. The investors clearly didn't have enough votes to boot him, and took a cashout to avoid it being a total loss.
- devcpp 8y agoYep, the key figure in this piece is the CEO owning 45% of stock. Hard to beat in any vote.
- robocat 8y agoSurely he now owns relatively more than 45% after "undiluting" his stock. He alludes to that being the case by saying the other minority stockholders have increased their percentage ownership for that reason.