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In 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 los
by dsl 8y ago
In 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.