Sentences with phrase «boardroom coup»
The phrase "boardroom coup" refers to a situation where a group of people within a company or organization secretly plans to overthrow or remove the existing leadership or decision-makers and take control of the company themselves. It usually involves plotting and strategizing within the confines of a boardroom. Full definition
Boardroom coup shakes UK shale player Dart Energy.
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Mr. Costolo became chief executive in October 2010 in a boardroom coup against Evan Williams, Twitter's co-founder and then chief executive.
I guess the lesson of Travis Kalanick's resignation as chief executive officer of Uber Technologies Inc. is that you can be the visionary founder of a massive company, stay private to avoid the pressures of the public market, keep control of a majority of the voting power of the shares, and still be forced out in a boardroom coup led by activist shareholders:
That lasted until April 18, 2000 when Reed was forced out in a boardroom coup, leaving Weill the sole Chairman and CEO and on his way to becoming a billionaire from the lavish stock option grants he received from his head - in - the - sand Board of Directors.
Within a year, the combined firm was suffering, there was a boardroom coup, and Morton Mandel, far from retiring, was back as CEO repairing the damaged firm.
Though the UK - based firm has succeeded in delivery small commercial quantities of Jatropha oil, the vast majority of its lofty goals have gone unmet: Its entire UK refinery operation was forced to close; its operations in Africa and India appear to be producing far lower yields than hoped for; and then there is its crisis of management, which saw its former CEO Elliot Mannis and chairman Lord Oxburgh ousted, in what Biofuels Digest has called a boardroom coup.