a board removing you doesn't need any fanfare. you still have the shares. You do, but there isn't always a secondary market to sell them on, and if you leave u

a board removing you doesn't need any fanfare. you still have the shares. You do, but there isn't always a secondary market to sell them on, and if you leave under a really bad cloud the board will attempt to take the shares back, or issue a bunch more for themselves thus diluting your shares in to oblivion (see Eduardo Savauvin vs Facebook for details.) I don't think you should make light of leaving "with your shares" as if that's the end of the story. It might not be.