this post was submitted on 22 Nov 2023
126 points (90.4% liked)
Technology
59207 readers
2924 users here now
This is a most excellent place for technology news and articles.
Our Rules
- Follow the lemmy.world rules.
- Only tech related content.
- Be excellent to each another!
- Mod approved content bots can post up to 10 articles per day.
- Threads asking for personal tech support may be deleted.
- Politics threads may be removed.
- No memes allowed as posts, OK to post as comments.
- Only approved bots from the list below, to ask if your bot can be added please contact us.
- Check for duplicates before posting, duplicates may be removed
Approved Bots
founded 1 year ago
MODERATORS
you are viewing a single comment's thread
view the rest of the comments
view the rest of the comments
Because it's still not a good justification?
'We can't trust anything our CEO says' isn't a good justification?
No. They destabilized the value of the company and put their partnerships at risk. It was a dumb move and has had the expected outcome.
The whole purpose of the board is to provide a safety valve. If the CEO is hiding stuff from the board then that seems like a completely legitimate reason to throw out a CEO. It's hard to be a safety valve when the CEO is actively hiding information from the board to make the decisions they need to make.