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Updated · Bloomberg · May 5Toby Neugebauer calls May 29 Fermi shareholder meeting to expand board
15 articles · Updated · Bloomberg · May 5
- The ousted former chief executive said the meeting would seek to elect him and several additional directors at the nuclear data-centre developer.
- Neugebauer said plans were announced on Tuesday but that he had scheduled the meeting last month, before his dismissal.
- He also said Fermi has tried to cancel the meeting, setting up a governance fight over board control after his removal.
With its stock down 80%, can new leadership salvage Fermi's vision before its ousted founder forces a sale? Is Fermi's stalled nuclear data-center a warning for the AI industry, or a product of its own internal chaos? Can an ousted founder leverage a 40% stake to force a sale of the company he was just fired from?