Even though the nine members are very friendly to Altman, they are also sufficiently professional class people, Responsible Authority Figures of a type, that one would expect the board to have real limits,
Maybe I’m making some mistake, since I haven’t followed it closely, but this very same board was on track to sign off on the original deal that you found completely unacceptable, was it not? These exact same “Professional class Responsible Authority Figures” were about to give up control, do obvious damage to the nonprofit’s mission, and go off and do “generic nonprofit” things while Altman and investors ran everything? The deal couldn’t have happened without a majority of that board?
If that’s true, I don’t see how you could possibly imagine that they’re suitable people to oversee anything that would demand they show any backbone. They’ve already capitulated once, or at least signaled every intention of doing so.
And, to be honest, Professional class Responsible Authority Figures are usually not the people you want when a boat may have to be rocked.
Maybe I’m making some mistake, since I haven’t followed it closely, but this very same board was on track to sign off on the original deal that you found completely unacceptable, was it not? These exact same “Professional class Responsible Authority Figures” were about to give up control, do obvious damage to the nonprofit’s mission, and go off and do “generic nonprofit” things while Altman and investors ran everything? The deal couldn’t have happened without a majority of that board?
If that’s true, I don’t see how you could possibly imagine that they’re suitable people to oversee anything that would demand they show any backbone. They’ve already capitulated once, or at least signaled every intention of doing so.
And, to be honest, Professional class Responsible Authority Figures are usually not the people you want when a boat may have to be rocked.