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He should have outlined the reasons to stay. Compensation, including a new stock plan. A vision of where the company is going.

Giving everyone who is unhappy a graceful exit was the right idea, but he didn't give many reasons to stay even if you were happy.

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The vision is working in a cult of personality centered around placating the whims of a narcissistic, psychopathic toddler. Apparently this is attractive to some people.

It’s more likely that those who remain are trapped by circumstances: on a visa, or too deep in debt to risk unemployment, or such-like.

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