Every part of this is wrong.<p>What happened to the targets was appalling. But why why why why do people believe the utter fiction that these companies put out after this happened?<p>If you are the Board, what the hell are you doing here? This guy was clearly not on the level, why didn't this come up? And why is anyone getting paid near $100m to manage EBay into the ground. As an investor, this makes no sense. The issue is that you have this perpetual circle of utter incompetent human beings on Board spending other people's money.<p>And if you are the CEO, it doesn't matter if you knew it about or not. He is quite clearly lying but what is most amazing here is that his lie doesn't even explain the behaviour. If you are the CEO, THIS IS YOUR JOB! Take responsibility. Also, he quite clearly was directly responsible for this. You have to be an utter degenerate to know the police have texts of you saying to take someone down, and then tell the media it was nothing to do with you.<p>This is why I truly despair as an investor though. You are surrounded by people who are utterly and totally incompetent. Boards aren't up to it. Executives aren't up to it. And I am trusting my reputation on them. This is like having to ride a donkey in the Kentucky Derby.<p>(And btw, the EBay Board is apparently "stacked". Omiydar, the ex-CEO of Bain is Chairman, VC/founders, CEO of Lyft, former Chairman of NBC, CEO of Intel...all people who have mostly made their living acting as agents rather than principals...btw, the head of the Compensation Committee was the guy who is known only for driving Gap into the ground...something of an expert in failure then).