Topic

Founder voting control

Ownership structures in which a founder holds a majority of shareholder votes and can appoint or remove directors regardless of other investors.

Current clusters

build2 publishers

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.

Publishers:mezha.netruntimewire.com

Reality

Evidence55
Adoption: Insufficient
Hype gap+5
Incentives: Insufficient
Confidence55

product1 publisher

Matt Mullenweg fills Automattic's board with two authors and two IRL co-founders after a failed ouster

Matt Mullenweg's 84% vote returned him to control of Automattic 33 hours after its board put him on leave. For businesses on WordPress.com, WooCommerce or Tumblr, that vote is the governance they are buying into, whoever he names to the board.

Publishers:techcrunch.com

Reality

Evidence55
Adoption: Insufficient
Hype gap+5
Incentives65
Confidence55