Automattic's interim CFO and legal chief signed reciprocal severance deals during Mullenweg's absence
Source Summary
During Matt Mullenweg's leave from Automattic, CFO Mark Davies and legal chief Andy Missan signed reciprocal severance agreements with each other. The deals provide a year of salary and additional equity vesting if their departures meet the specified conditions.
Why it matters
The reciprocal severance agreements between executives during leadership transition raise questions about corporate governance and the terms negotiated during Mullenweg's temporary absence.
