Anybody counting on investors or startup boards to exercise proper oversight of management is dreaming. Short of the CEO being accused of sexual harassment or

Anybody counting on investors or startup boards to exercise proper oversight of management is dreaming. Short of the CEO being accused of sexual harassment or assault by an employee or being caught red-handed stealing from the company, they will keep the job -- especially if the company is growing revenue and continuing to raise money at ever high valuations that VCs/board members can use to mark-up their stock, take back to LPs and raise new funds to grow their assets under management that they can collect 2-3% on every year.