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No. It’s the board of directors. The board of directors is by proxy of the shareholders, is the actual owner in a practical sense of a corporation. The CEO can
by momokoko 6y ago
No. It’s the board of directors. The board of directors is by proxy of the shareholders, is the actual owner in a practical sense of a corporation.
The CEO can, in most cases, be removed at any time by the board and be replaced by someone else. Without the boards approval none of this can happen.
So if you need to blame someone. It’s the board of directors.
- arthurcolle 6y agoCompletely wrong, doesn't even make sense. You can easily have BoD individuals with tiny minority stakes in corporations. Sorry to be abrupt, but I really just don't advise making huge sweeping statements on things if your take is just blatantly wrong and misleading.
- momokoko 6y agoWho votes to hire or fire the CEO?
- arthurcolle 6y agothe BoD, next question?
- momokoko 6y agoSo then how is this the CEO when the board actually controls who the CEO is? The CEO is employed by the grace of the board. The performance and decision making of CEO is implicitly approved or disapproved by the board of directors decision on a rolling basis to maintain or terminate the employment of the CEO. The same CEO that meets with the board on a regular basis to answer questions and provide updates .
- stingrae 6y agoLarry and Sergey
- Talanes 6y agoThe personal stake of BoD individuals is completely irrelevant, and your focus on that suggests you don't understand what "by proxy" means.