Removing liquid assets from the balance sheet is the main way boards maintain a tight leash. It’s one step beneath firing an executive. There’s a reason (many)

Removing liquid assets from the balance sheet is the main way boards maintain a tight leash. It’s one step beneath firing an executive. There’s a reason (many) successful companies don’t just go off and become massive conglomerates attempting to pursue every idea any executive has. Areas where the board feels it has a competitive advantage, an investment opportunity, and enough management capacity to oversee the new investment are not, in fact, dime a dozen.