Could have just powered through it. I'm surprised he decided to resign.

I'm not sure he decided to resign. "X has decided to step down" is often PR speak for "X was forced to step down".

rtkwe 2 days ago | parent | prev | next [-]

Both of these scandals individually are usually pretty rough to weather, together they were essentially guaranteed to have him forced out by the board. He's choosing to resign the same way a cop under investigation resigns to avoid more public consequences and to hope to sneak away to a new job.

▲

jimmyjazz14 2 days ago | parent [-]

Can't help but wonder if he is also getting out while the getting is good.

	▲	rtkwe a day ago \| parent [-]
		He's getting out while he can without being forced out. A second in the company affair came out already.

▲

silverFork 2 days ago | parent | prev [-]

He is at retirement age and a zillionaire. So he is going to start cashing as he is no longer required to report the sale of the stock. He is going to liquidate.

▲

Yoric 2 days ago | parent | next [-]

Also, there are signs that the bubble is weakening. Probably a good time to leave that specific game.

	▲	silverFork 2 days ago \| parent [-]
		Pushing the sale of the chips into circular ecosystem was a sign that it was topping too.

▲

teknologist 2 days ago | parent | prev | next [-]

I know. But the legacy story looks pretty bad at this point. He's been running it for decades.

	▲	silverFork 2 days ago \| parent [-]
		Gates did it too and they still think he is a guru which he never was by the way; all of them are into this stuff when the hit their 50s feeling left out of the game while accumulating zillions.

▲

dofm 2 days ago | parent | prev [-]

Whether he can do that might be determined by any divorce proceedings, I guess.

	▲	ceejayoz 2 days ago \| parent [-]
		He's not going to be left with zero from the divorce proceedings. The criminal ones might, though.