3 ms·

I'm hoping this spurs the board to oust the CEO who seems to be the one getting the blame for Ubiquiti's shift in recent years away from making highly reliable

by dwater 6y ago

I'm hoping this spurs the board to oust the CEO who seems to be the one getting the blame for Ubiquiti's shift in recent years away from making highly reliable prosumer focused products to pushing half-baked cash grabs out the door.

xoa 6y ago
The CEO is also founder and held onto a super majority share of the stock. It's his board essentially, which was a governance issue I remember seeing identified as an investment risk years ago. If it wasn't for that he might have been pushed on a long ways back, but there it is. There's risks to both full submission the shareholders and full independence of shareholders.