6 ms·
That board meeting will be in a movie someday I'm pretty sure.
by ilkkao 3y ago
That board meeting will be in a movie someday I'm pretty sure.
- unsupp0rted 3y agoOnly if it was contentious. From the strength of the press release, it sounds like it was a unanimous forced-hand decision.
- UncleOxidant 3y agoI doubt that Altman voted to have himself removed so probably not unanimous. A movie scene about the reveal to the board would still be compelling.
- PeterisP 3y agoSince both Sam and Greg are gone, that implies a 4-2 decision, which is as far from unanimous decision as a 6-person board could possibly make.
- dragonwriter 3y agoGiven that personnel matters affecting an individual on the board often have mandatory recusal of the affected party, that's likely a 4-0 or two 4-1 decisions, depending on how they were structured.
- GabrielTFS 3y agoA single 4-0 decision would imply the bylaws allow any group of members to oust all the other members by making a single proposal to oust everyone but their group, thus automatically forcing everyone else to recuse themselves :p
- neuronerdgirl 3y agoYes, this can happen, though generally the ousting party would also need to be able to point to some policy or legal transgression to do it without putting themselves at risk of a lawsuit.