You make a fair point. I would have liked him to elaborate more on the potential acquisition that was declined.

However, he mentioned they just raised $60 million. If his approach wasn’t working, why would anyone invest that amount? And if the plan was to fire him, given that his vote was required, wouldn’t it have been more transparent to say upfront: “If you reject the acquisition and opt for this $60 million investment instead, we’re going to fire you”?

How does he know? He was the CEO. I'm guessing that he had access to the company's metrics.

Metrics alone don't tell you if a strategy is working in the long term. It was no doubt a highly informed opinion, but still an opinion.