zlacker

>>davidb+(OP)
- Cant be a personal scandal, press release would be worded much more differently

- Board is mostly independent and those independent dont have equity

- They talk about not being candid - this is legalese for “lying”

The only major thing that could warrant something like this is Sam going behind the boards back to make a decision (or make progress on a decision) that is misaligned with the Charter. Thats the only fireable offense that warrants this language.

My bet: Sam initiated some commercial agreement (like a sale) to an entity that would have violated the “open” nature of the company. Likely he pursued a sale to Microsoft without the board knowing.

>>baidif+aq
Kara Swisher just tweeted that MSFT knew about it merely minutes before the statement went out: https://twitter.com/karaswisher/status/1725657068575592617

Folks like Schmidt, Levchin, Chesky, Conrad have twitter posts up that weirdly read like obituaries.

>>ignora+IJ
Check out Microsoft’s stock price today. Looks like it dropped by almost $50B at one point.

EDIT Microsoft is such a huge company, so maybe this is not a big deal?

>>mark_l+DM
The ex dividend date just passed