From what I understand, the Exec Board voted before the WS Board did to reject it, which I think is what @dennyc is alluding to, as well. I believe the HoT were presented to the WS Board after the Exec Board had voted on it, too.
I think this was clarified by a few folk who asked Feely at the WS engagement session a few weeks ago.
It does make it worse that they voted on it without discussing the views of the majority of the WS Board. They could have at least abstained.