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Sure, you can do it but it's just CYA for a mistake of the board's. I mean presumably they discussed this strategy with Apotheker before bringing him on, right
by jbooth 15y ago
Sure, you can do it but it's just CYA for a mistake of the board's.
I mean presumably they discussed this strategy with Apotheker before bringing him on, right? He didn't just go rogue on them? So they approve the plan, bring him on, and then when people don't like it, jettison him as a scapegoat. Which is fine, don't play in the big leagues if you think life's going to be fair. But the board are at fault here.
- chollida1 15y ago> I mean presumably they discussed this strategy with Apotheker before bringing him on, right? He didn't just go rogue on them? Yes this is a certainty. No CEO could make a 10 billion dollar acquisition without board approval.
- commandar 15y agoAbsolutely. And I'm all for investors pushing for the board to resign. They've screwed up massively, and certainly had a hand in it all. Apotheker going is a good first step, though.