This is not about soap opera, this is about business and a big part is based on trust.
The interim CEO said the board couldn’t even tell him why the old CEO was fired.
Microsoft said the board couldn’t even tell them why the old CEO was fired.
The employees said the board couldn’t explain why the CEO was fired.
When nobody can even begin to understand the board’s actions and they can’t even explain themselves, it’s a recipe for losing confidence. And that’s exactly what happened, from investors to employees.
And there’s a difference between, “an explanation would help their credibility” versus “a lack of explanation means they don’t have a good reason.”