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> According to CNBC, this week the We board fired CEO Adam Neumann. No, the board didn't fire him. The media, academics, and math fired him. The board enabled h
by lambdasquirrel 7y ago
> According to CNBC, this week the We board fired CEO Adam Neumann. No, the board didn't fire him. The media, academics, and math fired him. The board enabled him and either was a co-conspirator in the fraud, or they were just idiots.
Can we be sure that they are idiots? Given how much control founders have over their companies these days, we don't know how much they had their hands were tied. They may not have been able to do anything until the tide of opinion (on the board) turned against the CEO, to the extent that even the CEO's allies decided they needed to save their own butts.
Between We and FB, we might start to see the pendulum start to swing back the other way, with regards to founder control of companies.