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The board is the only group that can hold executives accountable. May they should bring in someone that has experience running companies that do the right thing
by relaunched 7y ago
The board is the only group that can hold executives accountable. May they should bring in someone that has experience running companies that do the right thing, for the long-term best interest of the shareholders.
They don't need any more of this get big at all costs, move fast and break things and money can make things go away - nonsense.
- claudeganon 7y agoHow does the board hold Zuckerberg or anyone loyal to him accountable when he controls >50% of shares? Zuckerberg and his lieutenants can do almost anything they wants as long as he doesn’t tank the stock price or bring about a pile on of investor lawsuits.
- staticassertion 7y agoThere are legal protections for minority shareholders and boards of directors. Owning > 50% of the stock buys you lots of control, but not total control. Boards do remove CEOs all the time.
- mygo 7y ago> Boards do remove CEOs all the time. The same ones that they either hired or executed a coup on. The majority shareholder has a good chance of remaining as CEO if he is proactive enough and stacks the board in his favor over time. It’s a chess game.
- staticassertion 7y agoAll the time? edit: To your post-edited comment, yes, it's a strategy game. There are lots of ways to avoid getting ousted as a CEO.