He’s taking testosterone just like trans men. He’s been on it so long that his body no longer produces its own testosterone, just like trans men.
I think the term male to male transsexual was coined by Alexander Aveela, a trans man. His excellent youtube video goes into detail about the many similarities in both of their transitions. No, not transphobic. Accurate.
I agree, a good compromise would be life imprisonment for the CEO and every investor.