"Mike Pointer, who previously served in the capacity of Chief Operations Officer, will now serve as the Company's Chief Scientist, and will be responsible for overseeing all prototyping and software development"
So Pointer was in fact DEMOTED to a position with less authority and responsibilities than his prior COO position. In fact, to a SUBSET of his prior responsibilities.
Thanks for posting that, Pete, as it proves that 236T568 was right and Pointer was, in fact, DEMOTED to a position with LESS authority and LESS responsibilities.
Once again, 236T568 is proven right.