Not if you are going to remove your board chair (who is also the CEO) and you do so with a press release that's vague. That instantly tripped everybody's BS me

Not if you are going to remove your board chair (who is also the CEO) and you do so with a press release that's vague. That instantly tripped everybody's BS meters and led to the board's downfall. If they had been more specific about the reason it would have been less likely to trigger BS meters but would also have been unlikely to convince anybody their actions were appropriate.