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"Microsoft fits this description. Their failures in multiple markets is no longer just a failure of management but a failure of board governance. (Hard to fix
by eande 16y ago
"Microsoft fits this description. Their failures in multiple markets is no longer just a failure of management but a failure of board governance. (Hard to fix when the major shareholder is the lifelong friend of his handpicked replacement.)"
Strong and direct words, but I have to agree. What we see as outsiders is the acting of the CEO, but his actions are backed by the board and they are responsible for the direction of the company. Just wondering when the change of leader ship will come.
- arohner 16y agoWhat are the fixes for this kind of failure scenario? (Bad CEO, and bad board)? IMO, a previous employer was in this scenario. The CEO was not effective, and the board didn't replace him because of a combination of apathy and personal relationships. Is it up to the shareholders to stir up the board?
- danielharan 16y agoEither the shareholders revolt, or the company slowly loses customers and talent. It seems it's been a long time coming :(