Metaplanet directors defend executive payout plan amid shareholder fury

Independent directors of Metaplanet, the bitcoin treasury firm, pushed back against shareholder anger over a controversial executive payout plan, citing management's financial risk and restructuring role. They left questions about CEO Simon Gerovich's exercised shares and MMXX Ventures unanswered, according to CoinDesk. The dispute follows Metaplanet's earlier move to cut its executive reward pool by 41%.