4 ms·
Even if they just had a 12 second meeting, "You know what, the current CEO is trash. He did not send me a birthday card. Shows lack of character, unbefitting th
by fbdab103 3y ago
Even if they just had a 12 second meeting, "You know what, the current CEO is trash. He did not send me a birthday card. Shows lack of character, unbefitting the company. He is gone" - does the board not have the broad latitude to make such decisions? Not sure they have to document the decision beyond the action.
- jacquesm 3y agoNo, a board is supposed to weigh their decisions carefully and only after due deliberation and concern for all possible outcomes should they decide. This isn't a boy scout operation, it's the governance structure of a 90 billion dollar company. That comes with some requirements regarding temperament and wisdom. They definitely would have to document the decision, if they wish to sidestep future liability due to being challenged on that decision and not being able to prove that they went through all of the required steps of the dance to make an irreversible decision with far reaching consequences.
- CPLX 3y agoSure but Microsoft doesn't have standing. You can't just sue to reverse decisions you don't like if you're not a party to the decision at all. What's your theory of standing for this cause of action?
- jacquesm 3y agoLack of duty of care exercised by board members with conflicts of interest all over the place affecting innocent bystanders in their internal squabbles.