"After months of work, we have yet to receive from you a fully financed, fully diligenced, actionable proposal that is in the best interests of the non-affiliated shareholders," Botha, Mohan et al wrote in a letter addressed to Wojcicki. "While we continue to wholeheartedly support the Company's mission and believe deeply in the value of the personalized health and wellness offering that you have articulated, it is also clear that we differ on the strategic direction for the Company going forward."
In an internal memo, Wojcicki circulated shortly after the mass resignation, she said the decision left her "surprised and disappointed." But despite the pressure, she's bullish on taking the company private, saying it's "still the best plan for the company." She's now "immediately" on the hunt for new independent directors who support that plan, and said more updates would follow on Thursday.
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