alt Hacker News> “And the biggest news: I won't be able to make the ELT tomorrow,” Matt wrote in an Announcement Slack. He continued, writing that Mark Davies, current Automattic Chief Financial Officer, has “conspired” with Automattic Board of Directors members Ann Dunwoody, Toni Schneider, and Sue Decker “behind my back and they voted to put me on a paid leave of absence. I voted against that.”
If you’re doing this type of accusation in the company wide announcements channel, odds are you’re never coming back. A board coup rarely happens without a good reason, but a “leave of absence” isn’t a firing. It’s still pretty bad, but it’s not a firing. However, crashing out and waging war on the board will lead to that outcome.
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In recent memory of companies I've worked for, even the absolute WORST executives haven't gotten fired. They always announce that "it's time for another adventure" or "I am taking a break". So I am not shocked they didn't fire him, although the board is now probably wishing they did.
...one exception comes to my mind, and it's Steve Jobs. Probably a total outlier case, but, still.
I think his recent screwing over of that custom fields plugin team and cutting off access to the plugins repo for WPengine was really a dumb move that has lead him to where he is now.
Who knows, maybe he can try and blackmail them too[0] to get his way. It's worked out great so far.
[0] https://joshcollinsworth.com/blog/fire-matt#102-wp-engine-fi...
You very rarely fire execs these days, the main reason being you don't want them to sue the company over their loss of reputation.
You want to keep-up appearances and leave some plausible deniability, even if it's generally BS.
I'm surprised that founders still care about all that stuff. They already made tons of money, who cares. None of it means anything. Nothing is fair in this society.
They don't mind the system working unfairly in their favor; they only have an issue with it when it starts working against them. At that point, it's too late; you have no voice.
Sounds like it's something that must have been painful, all around.
Boards really don't like doing things like this, as it signals instability, and shareholders hate instability. That's why so many boards leave clearly non-optimal CEOs in place, so often.
This is not something that has been a focus of my attention, except when it was shoved into my face. I'm really too old for that kind of agita.
I do run a couple of WP sites. I'm considering switching a couple to static sites, (via a generator, or maybe LLM-generated static sites), but I need one of them to remain WP (for now), as that hosts my blog.