The CEO isn't the only executive or director that's capable of negotiating a potential partnership. If there is a potential partnership, they would put an offer on the table that would be reviewed by the other executives and directors including Dr. Rae. If they don't agree with it, they would put forth a counteroffer. It's not rocket science. They've hired resources who specialize in mergers and acquisitions for this reason.

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And who is leading the negotiating instead of the CEO?

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So, if a potential partner puts an acceptable offer on the table, the company would tell them to come back in six months after they hire a new CEO? You're putting too much value on the CEO as if the company is crippled until they find a replacement. They obviously felt they would do better without him than with him or they wouldn't have terminated him.

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If the CEO of the company was this kind of a burden for a company, the BOD would search for a new CEO in an organized manner instead of firing the CEO immediately and weaken the company's agility substantiality.

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Who said that? Go back and reread my post.

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You let your opponent dictate who can sit on the table? What's next, the opponent dictates you every sentence of the deal? The opponent asks the BOD to jump and the BOD asks how high? Really?

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