This is a sequence of corporate governance moves that is honestly new to me:
some stuffthat is, let us say, arguably fraud-adjacent.
- 2. Get caught, in an enormously public and embarrassing way.
- 3. Announce that your board has hired a high-powered law firm to conduct a review of what you did.
- 4. Announce that actually you are just shutting down the business.
- 5. Obviously you don’t need the board investigation or the fancy law firm.
- 6. You don’t even need a board.
- 7. Bye everyone!
- 8. Announce that you changed your mind and are not ...