After a long day of being in the news over his resignation from his designation, Rahul Yadav has apologized and gone back on his decision. According to a latest report, Housing.com’s board has met and taken the call to retain Rahul and his directorship, however certain operating powers have been taken away from him.
Rahul comments that “After some frank and healthy discussions with the Board I have agreed to withdraw my resignation and I apologize for my unacceptable comments about the board members. I look forward to staying on at Housing as CEO and building an even greater company, while working in full harmony with the board.”
Additionally, Housing too has released the following statement.
In the relatively short period of its existence, Housing has revolutionized the real estate market in India and it continues to lead and disrupt with world class product innovations. Today the Housing board met, and has been reconstituted to include all main shareholder representatives. After some good conversations the board has reaffirmed its faith in Rahul Yadav’s vision at Housing.
The resignation garnered a lot of attention in the last 12 hours today, particularly with people supporting and opposing his decision. Since Housing has been one of the fastest growing startups in the country, despite of the ugly spats with investors and media houses in public, Yadav still led it to where it is. Hence owing to that Twitter and Facebook saw a creation of two groups fighting on this subject.
Now that Rahul Yadav has withdrawn his resignation, we have all wasted 8hrs out of our 3 Lakh hours tweeting about it.
— St_Hill (@St_Hill) May 5, 2015
Also, our fellow digital media houses did bring a fresh perspective to this entire tale which also deserve a read. Ashish Sinha from NBW wrote in support of Yadav’s journey till date, about how it’s wrong for the people with a limited knowledge about the matter to judge his decision. Additionally, YourStory presented a detailed overview of him as a CEO ‘Young Brash and Confident’ and the ‘Mindless Marketing’ strategies he deployed.
Above is a snapshot of the mail Rahul sent to his team. All’s well that ends well, however it will nevertheless be interesting to see more entrepreneurs brewing a storm in one way or the other.