. >> what he could not do on the board, get the board to oust dravis, he got a coalition of investorslity, five investors altogether. he had his partners hand-deliver the letter to travis, saying your investors have turned against you, you need to resign, there are legal issues. you have put the company at risk, you need to step aside. emily: we know they had another board meeting yesterday. what is the latest? where are they now? >> in the scheme of bloomberg dramatic board meetings, not the top of the list. but some new people are on the board, and they are beginning the search process to find the ceo to replace travis. emily: it seems like there is not any one specific waiting in the wings to take the job, whether it is the ceo or coo job. it looks like they are starting from scratch. >> there is not a clear favorite. no strong internal candidate. it is a matter of finding some well-liked, high-profile executive who has run a big organization already who can step in and help recover the brand and organizational prowess. emily: the search for the new ceo will dominate the headlines.