RE:RE:Sale of the Alta block without BOD approval Right, also the closing of the deal requires a lot of paperwork, in which BoD approval would be one of the requirements. I've closed small time deals, nothing on this scale, and BoD approval is always there. So the transaction was clearly approved by the BoD.
Most likely culprit for the dismissal IMO is poor performance / misleading statements made around results, particularly with HDRD and forecasted results. It's one thing for the CEO thing to be fired, with the CFO as well, that's quite concerning. We can always hope though that it was just executives having affairs and no impact to the business though.