I am taking this with a major grain of salt - from the Project Veritas website:
Statement from the Project Veritas’ Board of Directors
Today, James O’Keefe decided to remove his belongings from Project Veritas headquarters. The Board and Management made numerous attempts in the last 14 days to have a conversation with James, but he ignored our outreach and decided to instead leak private information to others, either by doing so himself or by proxy.
As today is President’s Day, our office was closed. We had a Board meeting scheduled for tomorrow where James was invited, and there was also a Board meeting on Friday, February 10, where James was invited (but did not attend) to discuss the financial malfeasance that was discovered, which requires us to act in order to remain in compliance with the law.
There were two subjects that the Board wished to come to terms with James on: the company’s long-term sustainability based on staff retention and morale, and the company’s financial health — which has been a serious concern for several months now.
Although PV Leadership has not concluded looking into the full scale of financial issues over the years, a preliminary review at this time indicates that James has spent an excessive amount of donor funds in the last three years on personal luxuries. More is still being uncovered during the ongoing review at this time. Contrary to many reports from today, James was suspended indefinitely pending the resolution of a fulsome investigation and clarity which will need to be provided by a third party investigative audit report.
I do not doubt that James spent some money on toys - I would given the same circumstances. He created Project Veritas and built it up from zero. He should have some fun.
The board is feeling corporate pressure from Pfizer because of the PV exposé. A company as large as Pfizer can exert a lot of pressure through many channels. The BOD is rolling over and sticking its feet in the air instead of fighting back. The board has fallen victim to Jerry Pournelle's Iron Law of Bureaucracy:
Pournelle's Iron Law of Bureaucracy states that in any bureaucratic organization there will be two kinds of people:
First, there will be those who are devoted to the goals of the organization. Examples are dedicated classroom teachers in an educational bureaucracy, many of the engineers and launch technicians and scientists at NASA, even some agricultural scientists and advisors in the former Soviet Union collective farming administration.
Secondly, there will be those dedicated to the organization itself. Examples are many of the administrators in the education system, many professors of education, many teachers union officials, much of the NASA headquarters staff, etc.
The Iron Law states that in every case the second group will gain and keep control of the organization. It will write the rules, and control promotions within the organization.
Change my mind...
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