✉news BusinessStartups first seen 15 h ago, last 2 h ago, peak #15
Matt Mullenweg ousts board that fired him using supermajority vote
Original: Matt Mullenweg used his supermajority vote to fire the board that fired him
Matt Mullenweg has used his supermajority voting power to remove the board of directors that had voted to fire him, according to a Fortune report. The move reverses his own dismissal and underlines his controlling stake in the company. The power struggle has drawn attention across the startup and tech community, with observers weighing in on governance implications of a founder able to overrule and dismiss the very board that removed him.
Why now: The dramatic reversal of a board decision by a founder's controlling vote is an unusual governance battle drawing wide tech industry attention.
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