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stavros
on Feb 6, 2011
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A Second Tour as C.E.O.
Hmm, I don't understand how an investor can demote you as CEO of your own company. Can someone explain?
staunch
on Feb 6, 2011
[–]
He gave up legal control of the company in order to get investment money. It's most likely that the board of directors controlled the company, and the investors controlled the board.
stavros
on Feb 6, 2011
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parent
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Oh, I see, thanks. So, as I understand it, he had just one vote on the board, and thus couldn't veto the decision. Thanks for the clarification.
davidu
on Feb 6, 2011
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root
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Something like that... :-)
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