Automattic, the multi-billion-dollar parent company of WordPress.com, Tumblr, and WooCommerce, has executed an unprecedented clean sweep of its boardroom and C-suite after a failed attempt by directors to unseat Chief Executive Officer Matt Mullenweg. The upheaval, described by Mullenweg as an attempted coup, concluded with the dismissal of top executive leadership and the appointment of an unconventional slate of directors[3].
The swift reversal demonstrated the absolute corporate leverage retained by tech founders with super-voting shares. Mullenweg, who co-founded the open-source WordPress project and controls eighty-four percent of Automattic's voting power, neutralized his removal in less than a day and a half before wiping away nearly all checks on his executive authority.


