After what I'm told was a few days of very difficult negotiation under extraordinary pressure, both internal and external, a deal was struck. The plan was that Eich make an announcement, apologizing for his "mistake" and making some public-benefit commitment about inclusivity, importance of diversity, etc.
Half the board resigned.
But he takes his public drubbing, apologizes and gets his company. The structure of the organization survives, the mission lives.
At the last minute, he reneged.