zlacker

It's the same thing, really. Even if you want to shut down the company you need a CEO to shut it down! Like John Ray who is shutting down FTX.

There isn't just a big red button that says "destroy company" in the basement. There will be partnerships to handle, severance, facilities, legal issues, maybe lawsuits, at the very least a lot of people to communicate with. Companies don't just shut themselves down, at least not multi billion dollar companies.

>>lacker+(OP)
You’re right. But in an emergency, there is a close option which is to put the company into receivership and hire an outside law firm to advise. At that point, the board becomes the executive council.