If non profit boards elect themselves, I see no reason for the board to resign, for half the board it is their biggest life accomplishment, and there is no shareholder to vote them out.
He's probably on Atlas right now starting the company.
Exactly...new competitor forming as we speak
so I guess non-profits do not have non-competes? I have no idea
Non competes are illegal in California (if there is no sale of equity in excess of assets involved).