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by matrix_overload
811 days ago
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Exactly. And then the board votes on who gets extra shares to compensate for the dilution, and the CTO is suddenly not on the list. Because the CEO spent months playing political chess with the board members, negotiating who gets what, and before that spent years playing political chess with investors to see who gets into the board. CTO is usually not involved in these games, and has no pull beyond the CEO's goodwill. |
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