Earlier quoted context omitted.
Investors are not gonna like when the business guy who was pushing for productizing, profitability and growth get ousted. We don’t know all the details about what exactly caused the board to fire Sam. The part about lying to the board is notable. It’s possible Sam betrayed their trust and actually committed a fireable offense. But even if the rest of the board was right, the way they’ve handled it so far doesn’t insp…
Again, they didn't state that he lied. They stated that he wasn't candid. A lot of people here have been reading specifics into a generalized term. It is even possible to not be candid without even using lies of omission. For a CEO this could be as simple as just moving fast and not taking the time to report on major initiatives to the board.
OED:
candour - the quality of being open and honest in expression.
"They didn't state he lied ... without even using lies of omission ... they said he wasn't [word defined as honest and open]"
Candour encapsulates exactly those things. Being open (i.e. not omitting things and disclosing all you know) and honest (being truthful).
On the contrary, "not consistently candid", while you call it a "generalized term", is actually a quite specific term that was expressly chosen, and says, "we have had multiple instances where he has not been open with us, or not been honest with us, or both".