has also learned that Dutchie had been approaching direct competitors with offers to merge in an effort to help its valuation and show continued growth.
In the lawsuit, the Lipsons say that, at first, they felt compelled to go along with the decision to be removed—it was “and they wanted to discuss the transition with the board. But after feeling like the process was hijacked, they fought back. According to a text message Ross Lipson sent to Tim Barash on Thanksgiving morning, which was provided toby the company, it seemed that Ross accepted his fate. “This move makes sense. Tim is the right one to run this company as the CEO right now,” Ross texted Barash and other board members two days after being told he was being removed as CEO. “I’m excited to pass the torch...
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Source: Forbes - 🏆 394. / 53 Read more »