My current guess is that most of the variance in what happened is explained by a board where 3 out of 4 people don’t know the dynamics of upper management in a multi-billion dollar company, where the board don’t know each other well, and (for some reason) the decision was made very suddenly. Pretty low-expectations given that situation. Seems like Shear was a pretty great replacement get given the hand dealt. Assuming that they had legit reason to fire the CEO, it’s probably primarily through lack of skill and competence that they failed, more so than as a result of Altman’s superior deal-making skill and leadership abilities (though that was what finished it off).
My current guess is that most of the variance in what happened is explained by a board where 3 out of 4 people don’t know the dynamics of upper management in a multi-billion dollar company, where the board don’t know each other well, and (for some reason) the decision was made very suddenly. Pretty low-expectations given that situation. Seems like Shear was a pretty great replacement get given the hand dealt. Assuming that they had legit reason to fire the CEO, it’s probably primarily through lack of skill and competence that they failed, more so than as a result of Altman’s superior deal-making skill and leadership abilities (though that was what finished it off).