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Automattic has a new board after failed attempt to put CEO on leave

39 pointsby 1h agotechcrunch.com
33 comments
1h agoHN ↗

1. Wow his profile picture is so extremely fluorescent

2. I guess I should move my blog off Wordpress

53m agoHN ↗

It's an HDR image, I think.[0] At the moment, only some browsers show it as brighter—Firefox on macOS, for example, doesn't support HDR images and I had to open the page in Safari to see it for myself.

[0] see, for example, this submission from the front page a month ago: https://news.ycombinator.com/item?id=49402521.

4m agoHN ↗

It's an 8-bit PNG of a magenta patch (with a dash of white), but the ICC profile is set to Rec.2020 PQ. So I think the high 255 values of 8-bit magenta/white will get mapped to very top of the PQ curve, which is like 10,000 nits (or whatever brightness your display can muster)

54m agoHN ↗

It says he has 84% of the voting shares. Is there any possible way that the board could have been successful? Regardless of Mullenberg, (and I know he's controversial) a coup that is pre-ordained to fail seems like value destroying negligence.

51m agoHN ↗

They could have known they wouldn't succeed but they could have decided their fiduciary duty requires them to either try or resign.

47m agoHN ↗

Didn't they craft themselves a nice golden parachute if fired? Then proceeded to kick off events that would guarantee their dismissal?

That's less fiduciary duty and more hacking a payday.

31m agoHN ↗

Getting out of a toxic job while failing up. Business can be strange sometimes.

24m agoHN ↗

That's less fiduciary duty and more hacking a payday.

A large golden parachute for firing a board member could be a disincentive mechanism to do it: a 'poison pill' of a kind.

* https://en.wikipedia.org/wiki/Shareholder_rights_plan

They could have felt they were doing the right thing, and making a public statement of the situation, but knew it was a bit of a kamikaze tactic and so made it more painful for when the eventual backlash occurs.

46m agoHN ↗

Yeah the minority share holders can’t sue them for not trying to do their job even if it lead to them getting fired. (They could have quit too)

If they truly believe the CEO was destroying the company/its value.

53m agoHN ↗

How does a CEO pull off resisting an ouster and firing the board?

50m agoHN ↗

By personally owning 84% of the voting shares. This coup was doomed to fail from the start.

36m agoHN ↗

Being on the board is a Sisyphean effort based on the weighted voting setup. Some seem to be slower to realize this. At that point, they could quit and walk away with nothing, or as others have suggested, this could have been done deliberately to at least get a payday on the way out.

48m agoHN ↗

Apparently corporate structure gave him power over the board. Historically this kind of structure was considered undesirable and illegal in a public company, but beginning in the 2000s there was this idea that "visionary founders" should be able to demand absolute control, ex: Zuckerberg

41m agoHN ↗

The same way Mark Zuckerburg does - he maintains majority control.

48m agoHN ↗

Fireship pointed out that the board members gave themselves a generous severance package in the very brief interim, so that was very possibly the whole plan.

13m agoHN ↗

Yeah, if Mullenweg really did control a majority of the voting shares, the previous board are the villains in this story no matter what you think of Mullenweg.

46m agoHN ↗

I'm surprised anyone still uses wordpress after this whole sh!tshow, but outside HN folks probably don't even know. Just reading about it about it puts me off from the product and company.

32m agoHN ↗

What makes it hard, these days?

I did plenty of WP back in the day and I agree, historically, but each of the strong answers I had in my mind (db integration, editor, plugins, themes) are weakened substantially by the AI agents' ability to port a working site to a new framework. I totally agree for normal users still but for devs taking jobs on this do you think the barriers to switching have come down in size?

21m agoHN ↗

its getting buy-in, especially from people entrenched in their workflows, convincing management and sometimes legal depending on what plugins are being used.

30m agoHN ↗

It certainly is. But I won't be recommending it for new projects. Imagine how bad that would make you look.

37m agoHN ↗

Yeah, I'm left-swiping anything that involves working on it, outside of maybe being interested in helping people migrate to anything else. I don't know enough PHP to maintain one anyway, don't like what little of the language I do have exposure to, and want nothing to do with this toxic ecosystem.

18m agoHN ↗

If I had to stop using all the software whose politics I find problematic I would have to earn a living breaking rocks.

13m agoHN ↗

Deciding to not use Wordpress isn’t that hard though

8m agoHN ↗

I have an amateur website up and running where club members can book an accomodation.

Most other software wants more than the $100 one time payment that some random WordPress plugin demanded (VikBooking.)

11m agoHN ↗

I don’t think that’s been true for 10 years or more.

11m agoHN ↗

WooCommerce.

Unless you want and can go with Shopify and go all in on their platform, WooCommerce is what you need to host an online store on hosting of your own choosing. Alternatives seem to lack the numbers to tackle issues when something goes wrong without too much downtime.

(WooCommerce being a popular WordPress plugin.)

26m agoHN ↗

Wordpress does not seem long for this world. How much of the Wordpress ecosystem is pure wasted resources, trying to be accommodating for all possibilities? As people see how easy Claude or Codex makes it to get off flat price Wordpress hosting and on to usage based platforms like Vercel, Wordpress usage will fade out. Feels like bloatware has no place in they coming world of AI customized software builds.

12m agoHN ↗

Most of the organizations/departments running wordpress aren't interested in customized software builds and all of the infrastructure that requires. They want something they can pay a simple monthly fee for, and host it with a company that deals with security, backup, etc.