December 13, 2019 by Clementine
The press release issued recently by the Board of Directors of Ledger Holdings, Inc., the parent company of LedgerX has surprised the crypto-community. The company has just announced that the management team is separated from its two founders.
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An administrative leave a little forced
The announcement gave the impression that the leaders have been forced to leave the company.
“With immediate effect, the co-founders and officers Paul and Juthica Cabbage have been put in administrative leave “, would have supported Ledger Holdings in its press release.
Although no further details have been mentioned about this decision, Juthica Cabbage gives his version of the facts on the social network Twitter, according to which the dismissal was not motivated.
there has been no reason given, except that we have had long-lasting disagreements with the board about the vision and direction of the business
— juthica (@juthica) December 9, 2019
https://platform.twitter.com/widgets.js
She stated, however, that disagreements mud the board of directors on critical issues relating to the future prospects of the company.
Replaced by a veteran of Wall Street
To give a new breath in the administration of the company, Ledger Holdings has not left the positions vacant long enough. To this end, Larry E. Thompson will now go to fill the function of acting director general and chief administrator of Ledger Holdings.
Satisfied to have found the rare pearl, the board of directors of Ledger Holdings hopes that Thompson will share his 30 years of experience on Wall Street to new commitments towards the ecosystem Bitcoin.
In fact, he has previously held several high-level positions, including general counsel and, most recently, vice president of Depository Trust & Clearing Corporation (DTCC).
Do you think that this is a move that could disrupt the smooth functioning of society ? Share your thoughts in the comment section below.
Clementine
Passionate about the universe geek, Clementine finds the news more interesting and involved in their drafting.