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Microsoft (with thousands of lawyers on staff) invests $10B in a company and has no power or leverage over the decisions of a non-profit board headed by several
by elamje 3y ago
Microsoft (with thousands of lawyers on staff) invests $10B in a company and has no power or leverage over the decisions of a non-profit board headed by several names no one has heard of.
Come on. No way Microsoft’s team does a deal like that with 0 power or knowledge in a situation like this. That’s ludicrous.
Edit: the only case I can see for MSFT being truly blindsided is as follows. Elon is behind it. Sam and Elon have their breakup. Sam seems to win. They close the deal with MSFT, all is good. But Elon is intimately familiar with the corporate structure and all moves made historically, maybe even has some evidence of wrong-doing. There is probably only 1 person in the valley that could pressure the non profit to oust Sam (and by extension Greg) AND provide the financial/legal/power backing to see it through. It takes a lot money and influence to do this from the outside. That is really the only scenario I could see MSFT truly being blindsided for getting out-maneuvered by a dinky non-profit board.
- crop_rotation 3y agoThis all feels very stupid on their part now looking at the board member names but I never saw this point raised before on HN. I guess nobody could predict this including MSFT.
- junofan 3y agoThe real reason could be something most people would find incredibly stupid. Mira coup attempt or something similar.
- crop_rotation 3y agoI think the new CEO is mostly irrelevant here, and it feels more like a board coup where one third of the board is ousted.
- deleted 3y ago[deleted]