It's over for Obsidian's former owners, they messed up so much with Avowed that they have an official babysitter.
Obviously they can't fire Feargus as it would be a huge PR issue for them and probably would cost them a lot of money to get rid of the owners sooner rather than later.
Oh sweet summer child, this has been thought through and addressed by corporate raiders decades ago. Let me illuminate you:
Owners selling to big corpo Daddy Cashbags are seeing $$$ in their future, but if they don’t already *want* to exit post-haste - perhaps their ego still demands that they “are the only thing keeping this damn ship afloat” - Daddy Cashbags needs a way to handle the owners’ likely poor leadership and managerial ability.
Anticipating this, buried in the employment contract will be, in an innocuous boiler-plate sounding section, a provision allowing the corp to modify the specific roles and responsibilities of the owner, and/or how their decisions are approved. This section is framed as “if needed and subject to change” and if even discussed verbally with the owner, down played as marginalia needed by the lawyers because “owner clearly knows their shit”.
Fast forward to owner(s) not only not knowing their shit, but actively hindering the realization of project milestones and thus revenue projections, the executive team responsible for managing obs will execute their contractural right and limit owners ability to conduct oversight.
Are you following? Because this is where the magic happens. The execs who do this know how to exert oversight in such a way that it damages owners ego and infuriates them. With no contractural recourse and flush with cash, the most reasonable move is to quit. The ego is assuaged because “the idiots won’t let me manage!”, and the Corp gets the product of the Peter-principle off their hands without the messy optics of firing them. This is a long slow process usually, and HR massages the acquired company’s staff concerns throughout the whole thing, and can even convince the dolt owner it’s for the best and he’ll help calm staff as well.
Nothing new about this, legacy owners are almost always a problem after acquisition so this play has been performed many many times such that the director refined its execution long ago.