Automattic put Matt Mullenweg on paid leave on Wednesday and made its CFO interim CEO. Two days later Mullenweg told staff on Slack that the board is back in agreement, and no board member has confirmed it.
Reality
- Evidence45
- Adoption
- Not scored
- Hype gap+30
- Incentives70
- Confidence40
buildOne report1 publisher Mullenweg fills Automattic's board with his own picks weeks after a 33-hour ouster
Matt Mullenweg has named four new Automattic directors weeks after the old board's leave vote against him lasted 33 hours and 20 minutes. He controls 84% of the voting power, so the people who oversee him are people he chose.
Reality
- Evidence55
- Adoption
- Not scored
- Hype gap+5
- Incentives
- Not scored
- Confidence55
Two Automattic executives signed each other's severance in the 33 hours their CEO was out
The reciprocal deals, effective September 10, would cost Automattic $8.15 million now that Matt Mullenweg has fired both men. The company's new lawyers are deciding whether to pay out or contest the documents.
Reality
- Evidence64
- Adoption28
- Hype gap+14
- Incentives72
- Confidence60
buildOne report1 publisher Automattic's CFO held the CEO job for 2,000 minutes
Matt Mullenweg went on leave last Thursday and was back by Saturday, with CFO Mark Davies standing in between the two notices. The company timed the absence to the minute and has declined to explain what changed.
Reality
- Evidence42
- Adoption
- Not scored
- Hype gap+16
- Incentives64
- Confidence55
buildOne report1 publisher Control of Automattic's Slack workspace outlasted the resolution naming an interim CEO
A board resolution made Automattic's CFO interim chief executive on Wednesday. A spokesperson's sentence to TechCrunch on Saturday put Matt Mullenweg back in the title, and Automattic has not described what authority Mark Davies retains.
Reality
- Evidence63
- Adoption
- Not scored
- Hype gap+15
- Incentives74
- Confidence58
Automattic's interim CEO lost his Slack account within two days of being named
Matt Mullenweg told Automattic's company-wide Announcements channel that the board is back in agreement and he is in control. By Friday the CFO named acting interim CEO no longer had a working Slack account.
Reality
- Evidence55
- Adoption
- Not scored
- Hype gap+30
- Incentives72
- Confidence55
Automattic's directors put Matt Mullenweg on paid leave and handed the CEO job to their CFO. The plugin directory and the trademark that WordPress sites depend on are still his, held personally outside the company.
Reality
- Evidence62
- Adoption
- Not scored
- Hype gap+10
- Incentives68
- Confidence61
Automattic's board put Mullenweg on leave at a company that depends on servers he controls
Directors named the finance chief interim CEO on September 9 and left the open-source project's distribution servers under Mullenweg's personal control, while the WP Engine suit still names him alongside the company.
Reality
- Evidence62
- Adoption40
- Hype gap−8
- Incentives78
- Confidence55