alt Hacker NewsElon and Zuck set themselves in a position where they are 51% and cannot be ousted by the board by construction.
Jensen messed up by splitting the power between all board members equally, and not getting a bunch of his family on a board.
The lesson is that if you do the right, non-authoritarian thing, you get punished
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This isn’t a case of being punished for doing the right thing. The right thing is retaining control of your own company and doing so is not “authoritarian”.
Yep. I learnt that lesson early on in my company. Never lose control of the board.
>non-authoritarian
you have to be jesting to use this term in the board of directors of one of the most expensive corporations out there
A lesson for future entrepreneurs. Follow the rules and lose.
Putting his wife on the board would definitely not have helped lol
> The lesson is that if you do the right, non-authoritarian thing, you get punished
Cheating on your wife and betraying your country is the right, non authoritarian thing? We arent having this discussion for any other reason than those two events happening. Its an insane lens of entitlement to view the situation as if he should indefinitely retain ownership due to ... what? Existing? But never have any of his actions have consequences. That's the promise you make by positioning the board shares in that manner: you promise to have accountability. Finding it a weakness to answer to others for your actions is definitely a popular style of thinking amongst the current group of wanna-be authoritarians in the presidential cabinet, "strange" how your first two examples of CEOs unwaveringly align with that political faction huh?
The lesson is that if you allow yourself to be held accountable by other for poor decision making then they might do that. Huang created a corporate structure that could hold him accountable for bad behavior and it did just that when he behaved badly. He did the "right" thing in setting up his company and it acted as designed.