Doesn't he control 84% of the voting stock or something? I'm curious how a board could even oust him in the first place. Or so he claims.
Of course usually hand-picked boards don't go against their benefactor, and they're not keeping their seats.
That they did in this case says something about just how bad the situation must be.
Depending on the company rules it is possible they might not be easily replaced during their term in which case they could do a coup in the short term.