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oskarkk
37 days ago
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23andMe files for bankruptcy to sell itself
> If the claim is the CEO ran it into the ground then the board messed up even worse by not replacing the CEO.
Can the board replace the CEO if the CEO has 49% of voting rights?
HWR_14
37 days ago
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The answer is yes and no. Yes the board can replace the CEO, but then the 49% owner can almost certainly replace the board
LarsDu88
37 days ago
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The answer is no. She pushed out the first board, but the second hand-picked board still wasn't having it with these lowball offers. This is a shitshow
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Can the board replace the CEO if the CEO has 49% of voting rights?