Yeah, but the new owners can get rid of him any time they want. I'd bet he doesn't make it two years. He also quit Shark Tank.
He's retaining his shares or some shares so he's not an employee like a normal dude would be. He's likely got a team of lawyers protecting him. He could retain less than majority shares but have super voting rights... I've seen it with some companies where their shares have 10x the voting power so they may control the company without a majority ownership. So the asset may be owned by the new folks and still controlled by Cuban (likely for a number of years... likely some sort of phase out plan).
He's not going to be an at will employee... they won't have power just to fire him. They do it now so they get the thing they want buy Cuban can stay in power for 5-10 years. He likely has some restrictions on what he can/can't do. This kind of smells like transition planning for Cuban in that he wants to make sure its easy for his family or him if a sudden change happened because the asset is already sold... but he wants to still do what he loves for a while longer but they have a good buyer lined up now.
Newport Beach PD is also investigating it. In California (where she lives) the consent age is 18 so it could turn into a criminal case, in which case closing the blinds wont help anymore.
Does that matter if the parents dont want to pursue a criminal case? Can the state do it themselves?
