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I think it's almost time to revamp boards but for different reasons. Now a days boards rarely function well. They are usually a first step for "corporate raid
by chollida1 11y ago
I think it's almost time to revamp boards but for different reasons.
Now a days boards rarely function well.
They are usually a first step for "corporate raiders" or "shareholder activists" depending on what sude you are on, to leverage a company To force it down whatever path they want.
I don't see long board terms as a problem for someone like summer assuming he still has his mental faculties.
He helped build Viacom and cbs. He presumably knows more about those companies than any other person on the earth.
Why would you force him off the board?
Just ensure that the board only has one master to serve. They can't simultaneously serve employees, shareholders and the ceo.