I'm not the grandparent poster, but I can say why I would want that.
I'm not perfect. I make mistakes. If I were a founder and I made a mistake running my company, I would want my investors to tell me. I would want them to tell me privately, so I could do something about it without creating a huge public scandal. And I would listen to what they said -- I might, after careful consideration, disagree, but I would absolutely listen and take it to heart.
Now, suppose I were not the founder, but some other member of management in a company, and the company was making a mistake. I would want the investors and board members to talk to the CEO (and other people, perhaps even me, depending on my role). I would want the CEO to listen (just as I would). But if the CEO were NOT listening, if the CEO were part of the problem... well, then I would want the investors and board members to use other channels (even public letters if that's what it took) to rescue the company before it was destroyed.
" But if the CEO were NOT listening, if the CEO were part of the problem... well, then I would want the investors and board members to use other channels (even public letters if that's what it took) to rescue the company before it was destroyed."
Errr, they literally describe this as the case?
(IE they tried all of the channels you suggest first)
I'm not perfect. I make mistakes. If I were a founder and I made a mistake running my company, I would want my investors to tell me. I would want them to tell me privately, so I could do something about it without creating a huge public scandal. And I would listen to what they said -- I might, after careful consideration, disagree, but I would absolutely listen and take it to heart.
Now, suppose I were not the founder, but some other member of management in a company, and the company was making a mistake. I would want the investors and board members to talk to the CEO (and other people, perhaps even me, depending on my role). I would want the CEO to listen (just as I would). But if the CEO were NOT listening, if the CEO were part of the problem... well, then I would want the investors and board members to use other channels (even public letters if that's what it took) to rescue the company before it was destroyed.