> equity without commitment

The guy was perfectly willing to stay for the long-haul.

> weeks of remote work without formal agreement

Taking people at their word is "entitled"?

> a quick cash out over adding value to the company

The guy was faithfully performing all the duties assigned to him. Is he drinking the company kool-aid and devoting his life to his company? Thankfully no. Your employer is not your family, nor is it a cult.

Is the author naive? Maybe. Opinionated? Definitely but with good reason - the director was later fired, how often does that happen. Entitled? I see nothing of the sort.