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How would you recommend a CEO handle this situation, starting from roughly a week ago?

• dmitrygr 2y ago
  > How would you recommend a CEO handle this situation, starting from roughly a week ago? 1. Explain how it happened, since he 100% knew. What CEO does not know how his company's equity is distributed and under what terms? 2. Explain how it will be fixed, in detail. 3. Proactively reach out to all those affected, as per step 2. 4. Resign. 5. Reconsider his life and how he handles feedback, since he has had issue with criticism before: https://news.ycombinator.com/item?id=40396787 https://news.ycombinator.com/item?id=40396787
  • crazygringo 2y ago
    1. This had nothing to do with how equity was distributed. This was a clause in an agreement that employees were asked to sign when leaving, not when they joined. As other comments have stated, it's entirely plausible he was unaware. Exit agreements aren't something you expect CEO's to be poring over in detail -- they have HR and lawyers for that. 2. 3. Presumably the company is working on that, and this tweet is the first step? This has become pretty public by now anyways. 4. Have you resigned from every job you've ever had if you made a mistake? If you wrote a design document with a single mistaken requirement? This one clause was one miniscule aspect of running the company out of hundreds of thousands. Demanding resignation is massively disproportionate here. 5. "Reconsider your life" is outside the scope of this.
    • Nullabillity 2y ago
      Don't let people disguise malice as incompetence.
• Nullabillity 2y ago
  Step 1: Don't do the obviously evil thing
  • CatWChainsaw 2y ago
    I assume whoever downvoted you for this mind-numbingly obvious course of action saw themselves in your comment and didn't like it.