People will celebrate this, but I don't think there's much to celebrate. These same investors had no problem with Travis while the company was growing. Doesn't seem like there's any ambiguity about it; he's getting the boot now because the gravy train's drying up, not because the company does things that are unethical and illegal. That's secondary. And, as far as these investors are concerned, a non-issue until it starts hitting the bottom line.
People will celebrate this, but I don't think there's much to celebrate. These same investors had no problem with Travis while the company was growing. Doesn't seem like there's any ambiguity about it; he's getting the boot now because the gravy train's drying up, not because the company does things that are unethical and illegal. That's secondary. And, as far as these investors are concerned, a non-issue until it starts hitting the bottom line.
In other words, the moral of the story isn't, "Always create value and never be evil."
Rather, it's, "Evil is tolerable, as long as you're raking it in." So, make sure you're (1) always making $ or (2) covering your own ass.