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The back dating no doubt matched a back dated stock option grant that would allow her to claim that she was fully vested. That is just fraud and the board of d
by ChuckMcM 7y ago
The back dating no doubt matched a back dated stock option grant that would allow her to claim that she was fully vested.
That is just fraud and the board of directors should be all over it (they would have visibility into the hiring of executive staff). Now if the company has no board, or the board is composed entirely of founders, this sort of stuff slides by. Best to avoid working in the future with anyone associated with the senior staff in future companies.
- Railsify 7y agoThe company was owned by a single founder, the board was an advisory board with no real teeth, advisory board made up of good ole boys. The company folded early last year due directly to her management decisions, preceded by 3 other execs leaving, they all cited her decisions in their resignations. Sad because the product was coming along nicely, product market fit, positive feedback from customers, etc. I think the owner was just old and burnt out combined with a bit of "control all of a little rather than a little of a lot" syndrome.
- ChuckMcM 7y agoSuch a sad story. Not unique but sad none the less.