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I think the class warfare comments detract from your point. Yes, the investors and board are their to maximise the return. The job of the CEO is to sell the v
by brc 16y ago
I think the class warfare comments detract from your point.
Yes, the investors and board are their to maximise the return. The job of the CEO is to sell the vision to them and keep them on board. That the company sailed into a headwind not of their own making and the board got jumpy is yet another challenge on the way to large growth.
The board members would probably have lost personal money and dented their careers if Zappos had lost it's funding lines. They certainly do not 'make money by doing nothing'.
If they didn't maximise the change that they got their check back tomorrow, a lot of stuff would fall in a heap as people took stupid risks.
Getting out a broad brush and painting 'corporate america' is not an insightful analysis.