[sokoloff]

In this case, the offers are being rescinded by the CEO who is stepping in to replace the recently dismissed CEO, indicating that the board and new CEO agrees that there was mismanagement previously.

[willcipriano]

They are a party the mismanagement. If they were more alert and acted sooner they wouldn't have to had done this.

[FireBeyond]

> the board and new CEO agrees

The new CEO was the Executive Chairman of the Board, one and the same. And also the person that the old CEO reported to.