In Storetrax.com v. Gurland, where Gurland, founder and president of Storetrax, was fired, the appeals court held that the founder of a company cannot be dismissed.

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The statement is false. The appeals court did not hold that the founder of a company cannot be dismissed. The court ruled that Gurland, in his capacity as CEO and president, served at the will of the company's board of directors and therefore could be fired without cause.