Lying right to the end
“We have been fortunate to have a number of extremely qualified candidates express interest in the position of CEO."
Really ? A number ? Well, one is a number.
I cannot believe that anyone in their right mind would want to replace Abovitz in that failing company. Magic Leap does not have good press, has no product worth mentioning, and is in desperate need of funding after having already burned through a dot-com fortune. With practically any other company, you have a product, you either have competent people or you have machines that make that product. You restructure, lay off part of the staff that no longer corresponds to your vision, and you go in a new direction.
Magic Leap has nothing. It doesn't even own its own patents any more - they are collateral and now belong to an investment company IIRC.
I doubt very much that there was a stampede at the door to be CEO. And if there were that many "extremely qualified candidates", when she popped up it would have taken a bit longer to choose.
Biting the hand that feeds IT
