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MicroStrategy co-founder ousts former partner from board

Dec. 02, 2013 8:57 AM ETMicroStrategy Incorporated (MSTR) StockMSTRBy: 2, SA News Editor
  • MicroStrategy (NASDAQ:MSTR) CEO Michael Saylor removes director Sanju Bansal from his position on the board. Saylor holds 2.01M Class B shares, each carrying 10 votes, which give him the ability to remove directors without cause. (8-K)
  • The move suggests bad blood among former partners, given the fact that Bansal co-founded MicroStrategy with Saylor and had previously served as COO until 2012.

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