4 ms·
It's less about the actual transaction and more about the structure that permitted it and the capricious willingness to do it. There are red flags all over the
by exogeny 7y ago
It's less about the actual transaction and more about the structure that permitted it and the capricious willingness to do it. There are red flags all over the place with this company, and the optics of him doing that just adds more fuel to the raging inferno of terrible governance.
- csours 7y agoI'm just kidding guys. I was just testing to see if you really cared about corporate governance. You passed the test! Now look at the top line and my super special non-GAAP sauce! Now with 100% less GAAP!
- munk-a 7y agoI am actually a bit surprised this isn't illegal - it seems like the CEO purchasing the "We" trademark would likely violate an NDA or possibly be pursuable under corporate espionage laws - he essentially sniped the domain once the company restructuring was on the road map... Alternatively the shareholders might be able to go after him for some conflicts of interest - he manipulated the company restructuring to pick a particular name after personally securing the rights to it to force the company to buy it off of him... Both these scenarios seem like things that should be illegal.