4 ms·

If we assume bad faith on D'Angelo's part (which we don't know for sure), it would obviously be unethical, but is it illegal? It seems like it would be impossib

If we assume bad faith on D'Angelo's part (which we don't know for sure), it would obviously be unethical, but is it illegal? It seems like it would be impossible to prove what his motivations were even if it looks obvious to everyone in the peanut gallery. Seems like there's very little recourse against a corrupt board in a situation like this as long as a majority of them are sticking together.

jacquesm 3y ago
It's not illegal but it is actionable. You don't go to jail for that but you can be sued into the poorhouse.
- stevenwliao 3y ago
  Unless D'angelo has some expensive eight figure lifestyle, he's not going to a poorhouse anytime soon. > He was chief technology officer of Facebook, and also served as its vice president of engineering, until 2008. > D'Angelo was an advisor to and investor in Instagram before its acquisition by Facebook in 2012.
  - jacquesm 3y ago
    That depends on the amount of damage you cause.
    - stevenwliao 3y ago
      You think he could be personally liable for eight figure plus damages? Where is the precedent for this?
      - jacquesm 3y ago
        There is no precedent for this because it is utterly unprecedented. No board in the history of boards has - as far as I know it - acted in such a way that they ended up outright annihilating the thing they were supposed to be governing with total disregard for the consequences. That's not normal behavior, it is so far outside of the norms and rules of conduct for board members that it may well shape those rules and create new legislation.