After having resigned in a heavy headed sort of way last week, Rahul Yadav, the CEO of Housing, seems to have un-resigned and apologized for his ‘unacceptable comments about the board members’, reports ET. However, while Yadav will stay CEO of Housing, a committee of five headed by SoftBank’s Jonathan Bullock will oversee all major decisions. Earlier Yadav apparently wrote a ‘scornful’ resignation letter on the 30th of April to board members and investors, criticising their intellectual capabilities and giving them a one week deadline to ‘help the transition’. The investors responded the next day with an acknowledgement of the resignation through the law firm Morrison & Foerster. This saga has been going on for quite sometime now, and for the uninitiated, here are the complete turn of events. Mar 6, 2015: Yadav fires a mail to Shailendra Singh of Sequoia Capital India alleging him of poaching Housing employees. From: Rahul Yadav Date: Fri, Mar 6, 2015 at 7:39 PM Subject: Last straw To: Shailendra Singh (Sequoia Capital India) Dude, I’ve been humble to you guys even after inhuman and unethical things that you’ve done with Housing in the past. You did the same inhuman and unethical things with large number of entrepreneurs including Ola, TFS, Flipkart, Dexetra and many more… Now I just came to know you personally are completely after Housing’s employees and are brainwashing them to open some stupid incubation. If you don’t stop messing around with me, directly or even indirectly, I will vacate the best…
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