TechAutomattic executives reportedly signed each other’s severance deals during Mullenweg’s leave
TechCrunch reports that then-interim CEO Mark Davies and legal chief Andy Missan signed agreements offering a year of base salary and accelerated equity vesting, subject to qualifying departures and other conditions.
TLDR
TechCrunch reports that CFO Mark Davies, who became interim CEO, and legal chief Andy Missan signed each other’s severance agreements during Matt Mullenweg’s roughly 33-hour leave. The agreements were effective September 10. The outlet puts their combined salary and accelerated-equity packages at $8.15 million and says Mullenweg fired both executives upon returning. Benefits depend on qualifying departures, signing a release of claims and complying with post-employment restrictions. TechCrunch says Automattic’s legal team was weighing whether to pay or challenge the agreements’ validity.
Combined views
—
First seen 6h ago
Automattic executives reportedly signed each other’s severance deals during Mullenweg’s leave
TechCrunch reports that then-interim CEO Mark Davies and legal chief Andy Missan signed agreements offering a year of base salary and accelerated equity vesting, subject to qualifying departures and other conditions.
TLDR
TechCrunch reports that CFO Mark Davies, who became interim CEO, and legal chief Andy Missan signed each other’s severance agreements during Matt Mullenweg’s roughly 33-hour leave. The agreements were effective September 10. The outlet puts their combined salary and accelerated-equity packages at $8.15 million and says Mullenweg fired both executives upon returning. Benefits depend on qualifying departures, signing a release of claims and complying with post-employment restrictions. TechCrunch says Automattic’s legal team was weighing whether to pay or challenge the agreements’ validity.