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Automattic's board forces CEO Matt Mullenweg into leave of absence

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Re: Automattic's board forces CEO Matt Mullenweg into leave of absence

#121
post #22

Earlier quoted context omitted.

Had a President make a big ordeal about leaving "for health reasons". His LinkedIn had him at a new company within a couple months doing the same thing. Had a CISO leave for "personal" reasons. Talked to him a couple years later and yeah, he was fired. Steal 20$ out of a cash register and make the local news. Waste a billion dollars at a corp and make insane decisions and ride out on a golden parachute. Its a fucked…

So you would prefer a media circus and investor scrutiny when your employer's executives are fired for failures or misconduct? This is likely to cause the price of the shares to drop, including any ESPP and stock grants you and your coworkers have vested. Is the satisfaction of seeing an executive dragged through the mud worth losing a chunk of your net worth to you, no matter how much the exec deserves it? I'd rathe…

> So you would prefer a media circus and investor scrutiny when your employer's executives are fired for failures or misconduct?

Yes, as a warning to the other executives.

Signed,

The Shareholders

Re: Automattic's board forces CEO Matt Mullenweg into leave of absence

#122
post #22

Earlier quoted context omitted.

Had a President make a big ordeal about leaving "for health reasons". His LinkedIn had him at a new company within a couple months doing the same thing. Had a CISO leave for "personal" reasons. Talked to him a couple years later and yeah, he was fired. Steal 20$ out of a cash register and make the local news. Waste a billion dollars at a corp and make insane decisions and ride out on a golden parachute. Its a fucked…

So you would prefer a media circus and investor scrutiny when your employer's executives are fired for failures or misconduct? This is likely to cause the price of the shares to drop, including any ESPP and stock grants you and your coworkers have vested. Is the satisfaction of seeing an executive dragged through the mud worth losing a chunk of your net worth to you, no matter how much the exec deserves it? I'd rathe…

Maybe if there were consequences, there wouldn't be so much corruption that leads to these silent firings.

Re: Automattic's board forces CEO Matt Mullenweg into leave of absence

#123
post #105

Unfortunately, this is for the best. WordPress powers a large percentage of the internet, and I'm not sure what's going on with Matt (who I've always liked) but something turned the past few years. He's been behind unforced error after unforced error as CEO, and I hope a break helps him gain some perspective (although I don't see him being brought back). WordPress has been his life for 23 years. Doing the same thing…

"Unfortunately" for whom? I'm pretty ok, even happy, with him out.

Unfortunate this was the result of 23 years, not unfortunate it's happening.

Re: Automattic's board forces CEO Matt Mullenweg into leave of absence

#124
post #105

Unfortunately, this is for the best. WordPress powers a large percentage of the internet, and I'm not sure what's going on with Matt (who I've always liked) but something turned the past few years. He's been behind unforced error after unforced error as CEO, and I hope a break helps him gain some perspective (although I don't see him being brought back). WordPress has been his life for 23 years. Doing the same thing…

"Unfortunately" for whom? I'm pretty ok, even happy, with him out.

it just sucks to see someone who helped popularize something so many people care about change (at least publicly) for the worse.

Re: Automattic's board forces CEO Matt Mullenweg into leave of absence

#125
post #2

> “And the biggest news: I won't be able to make the ELT tomorrow,” Matt wrote in an Announcement Slack. He continued, writing that Mark Davies, current Automattic Chief Financial Officer, has “conspired” with Automattic Board of Directors members Ann Dunwoody, Toni Schneider, and Sue Decker “behind my back and they voted to put me on a paid leave of absence. I voted against that.” If you’re doing this type of accusa…

In recent memory of companies I've worked for, even the absolute WORST executives haven't gotten fired. They always announce that "it's time for another adventure" or "I am taking a break". So I am not shocked they didn't fire him, although the board is now probably wishing they did.

Like sama? (Hope I don't get dang'ed for being political, especially against a ycombi founder...)

Re: Automattic's board forces CEO Matt Mullenweg into leave of absence

#126
post #22

Earlier quoted context omitted.

Had a President make a big ordeal about leaving "for health reasons". His LinkedIn had him at a new company within a couple months doing the same thing. Had a CISO leave for "personal" reasons. Talked to him a couple years later and yeah, he was fired. Steal 20$ out of a cash register and make the local news. Waste a billion dollars at a corp and make insane decisions and ride out on a golden parachute. Its a fucked…

So you would prefer a media circus and investor scrutiny when your employer's executives are fired for failures or misconduct? This is likely to cause the price of the shares to drop, including any ESPP and stock grants you and your coworkers have vested. Is the satisfaction of seeing an executive dragged through the mud worth losing a chunk of your net worth to you, no matter how much the exec deserves it? I'd rathe…

Yes, I’d prefer that investors know that the new executive is not going to continue the same crap and same level of poor judgement. Want them to know the replacement is looking to do more than wear a golden parachute.

Imagine if investors actually thought the personnel change was a positive one…

Re: Automattic's board forces CEO Matt Mullenweg into leave of absence

#127

Good, get him the fuck away from Wordpress. Though frankly, a better solution might be for businesses to ask themselves whether or not they need Wordpress anymore. In the mean time, if you're unable to derisk Mullenweg out of your business stack, this is a good first step.

WordPress dominance of the web has certainly peaked, but history indicates there will be several years in which to continue to extract comfortable profits while riding it down. e.g. Oracle, a database that almost no business has actually needed in decades.

I'm not convinced that sort of legacy lock in exists in the web space. It moves fast and its value is in the content. In the age of AI, migrating that data makes it trivial to move away from a risky platform. I cut my development teeth on WP and managed some fairly large sites. There are far more interesting and well developed alternatives out there.

Re: Automattic's board forces CEO Matt Mullenweg into leave of absence

#128
post #113

Earlier quoted context omitted.

He got tired of WPEngine not contributing back to wordpress, so he made it his mission to try and get them to pitch in.

Does WPEngine have any obligation to contribute back? How is WordPress licensed?

They do not. It's GPL

Re: Automattic's board forces CEO Matt Mullenweg into leave of absence

#129

> One person speculated that the timing may have something to do with Mullenweg’s annual trip to the Burning Man festival, after which he tends to return “with ideas.” This line is so perfectly on the nose it could be in a McSweeney's article and yet here it is in reality. We are truly on the weirdest timeline.

I like how somehow this was the final straw.

Re: Automattic's board forces CEO Matt Mullenweg into leave of absence

#130
post #2

> “And the biggest news: I won't be able to make the ELT tomorrow,” Matt wrote in an Announcement Slack. He continued, writing that Mark Davies, current Automattic Chief Financial Officer, has “conspired” with Automattic Board of Directors members Ann Dunwoody, Toni Schneider, and Sue Decker “behind my back and they voted to put me on a paid leave of absence. I voted against that.” If you’re doing this type of accusa…

In recent memory of companies I've worked for, even the absolute WORST executives haven't gotten fired. They always announce that "it's time for another adventure" or "I am taking a break". So I am not shocked they didn't fire him, although the board is now probably wishing they did.

Firing a CEO makes your company look bad. Even if you are firing them, you don't say you're firing them.
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