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> That the board took this action without consultation with key investors is madness.

It's a non-profit board, yea?

They created the for-profit subsidiary for the express purpose of raising more investments.

But the CEO that was done under was not sufficiently candid with the board.. I think they realized they have some risk being only a technicality that does whatever the CEO and Microsoft tell them is aligned with their mission.

The they in this sentence refers to the CEO the board just fired and not the board.

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