Ilya and the board are entitled to their opinions and to act on them, but the whole process strikes me as extremely unprofessional, and something out of the Game of Thrones!
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Nothing about the story is unprofessional. Now, there's different process appropriate depending on the actual reason termination was being discussed, and we don't know enough to say whether this was appropriate fiven the cause, but its definitely in the scope of what is reasonable and orofessional for dismissing them.
I would assume that “something out of Game of Thrones” were the table stakes, given the money and people involved.