was he just a run of the mill dummy? or did he have a plan?
I was gobsmacked when he did that. By just about every metric ETFC was a coiled spring; he of all people should have known. He must be in a tight spot somewhere and needed the money.
Because the rest of the board wouldn't let him slice the company into little bits and take off with a fast profit is why. He didn't want to OWN stock in eTrade, he wanted to benefit from its going out of business sale.