This is just covering his ass. I remember when the CEO of a popular startup decided to step down to "spend more time with my family" and it was picked up be the

This is just covering his ass. I remember when the CEO of a popular startup decided to step down to "spend more time with my family" and it was picked up be the media as a nice story about a man who feels it's OK to stay at home, etc. It was a total fabrication made up only to not make the struggling startup look bad and failing. Firing the CEO is a bad look. They brought in a new CEO, the company went public years later and is doing splendid, but it was contentious for awhile.