As you correctly guessed, there's an awful lot more to it than you see in the namby-pamby "best of luck, Mike!" on the Reg.
See, for example, Magee slags Reg on siliconinvestor.com, followed by "you can't quit. You're fired!".
Basically, Magee founded the Reg, brought Cullen, Birtles, and Lettice on board, and has now decided that they cover "too much software" but doesn't have the power to enforce his hardware-centric will anymore. I suspect he's just not the kind of guy who can share control, and it got to be too much.
He still holds his 22.5% though. I bet future board meetings will be a hoot.
Not the real rusty
[ Parent ]