Le risque: How the rioting in France might trigger a ‘blow up’ in the bond market

Good morning. On Fortune’s radar today:

How the 33-hour failed boardroom coup against WordPress founder Matt Mullenweg went down.

What happens if the rioting in France triggers contagion in the bond market.

Why the Fed’s Warsh doesn’t need to do anything about inflation (yet).

Most of Microsoft’s paying customers avoid Copilot.

Many NFL referees still hold day jobs as attorneys, engineers, and professors.

Inside the 33-hour failed boardroom coup to overthrow WordPress founder Matt Mullenweg

On Sept. 9, the six-member board of Automattic—the company that owns WordPress, Tumblr, and other web-based apps—voted to put its CEO, Matt Mullenweg, on leave. The move seemingly came out of the blue: Mullenweg had just returned from his annual trip to Burning Man, and the board was made up largely of directors who had mentored Mullenweg for years.

And then, 33 hours later, Mullenweg was back in control, and the three directors who tried to sideline him were gone, along with the company’s CFO and its chief legal officer.

A remarkable level of secrecy surrounded the drama. None of the board members have publicly explained why they suddenly wanted him out of the company. Mullenweg has declined to describe why he was all but fired, or how he quickly got back control of the company. But Fortune’s Eva Roytburg investigated and got the whole story.

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Putting a price on the “blow up” in France

French police lost control of multiple cities in France........

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