1. The CEO of a Health Startup Backed by Eric Schmidt and Top VCs Has Been Fired Amid Allegations ...

    The CEO of a Health Startup Backed by Eric Schmidt and Top VCs Has Been Fired Amid Allegations ...

    That corporate governance change involved the three board members, who held three votes between them, converting most of their preferred shares in the company to common shares in order to break a deadlock with Gutman, who as the founder also held three votes, according to one person familiar ...

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    1. The actions of the VCs are harmful to the Company and in violation of their duties. I will not stand for their effort to take control of the Company unfairly and to the detriment of the Company.
    2. What we learned left us with no choice but to make this change, and we did so after taking the necessary steps from a corporate governance perspective.
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