I feel like this is a good observation. I notice I am confused at their choices given the information provided.… So there is probably more information? Yes, it is possible that Toner and the former board just made a mistake, and thought they had more control over the situation than they really did? Or underestimated Altman’s sway over the employees of the company?
The former board does not strike me as incompetent though. I don’t think it was sheer folly that lead them to pick this debacle as their best option.
Alternatively, they may have had information we don’t that lead them to believe that this was the least bad course of action.
I feel like this is a good observation. I notice I am confused at their choices given the information provided.… So there is probably more information? Yes, it is possible that Toner and the former board just made a mistake, and thought they had more control over the situation than they really did? Or underestimated Altman’s sway over the employees of the company?
The former board does not strike me as incompetent though. I don’t think it was sheer folly that lead them to pick this debacle as their best option.
Alternatively, they may have had information we don’t that lead them to believe that this was the least bad course of action.