After proposing a $30 million settlement for a data breach lawsuit, 23andMe faces board resignations as seven directors, including YouTube CEO Neal Mohan and Sequoia VC Roelof Botha, step down due to differences with CEO Anne Wojcicki regarding a proposal to take the company private. Wojcicki, who controls 49% of votes, had her buyout proposal rejected by a special committee, leading to the company’s current penny stock status at 34 cents per share. Facing potential delisting, Wojcicki aims to find replacement directors and pursue long-term success by taking 23andMe private, known for its ancestry and health kits and in-house drug development.
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Affirm CEO: Leaders Should Help Laid-Off Workers Pack Boxes
PayPal cofounder Max Levchin, now CEO of Affirm, shared his experience of handling layoffs with empathy, admitting to initially avoiding responsibility but later realizing the importance of being present and supportive for affected employees. Levchin believes that helping laid-off employees pack their boxes was beneficial for everyone involved and emphasized the importance of trying to avoid layoffs in the first place. His approach highlights the significance of leadership showing empathy and support during difficult times....
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