I agree that that’s presumably the underlying reality. I should have made that clearer.
But it seems like the board would still need to create some justification for public consumption, and for avoiding accusations of violating their charter & fiduciary duty. And it’s really unclear to me what that justification is.
I believe the confusion comes from assuming the current board follows rules rather than doing whatever is most convenient.
The old board was trying to follow the rules, and the people in question were removed (technically were pressured to remove themselves).
I agree that that’s presumably the underlying reality. I should have made that clearer.
But it seems like the board would still need to create some justification for public consumption, and for avoiding accusations of violating their charter & fiduciary duty. And it’s really unclear to me what that justification is.