I don't know more than is in this podcast, and n=1, but the leash isn't always very tight: https://www.npr.org/sections/money/2017/07/19/538141248/episode-594-

I don't know more than is in this podcast, and n=1, but the leash isn't always very tight: https://www.npr.org/sections/money/2017/07/19/538141248/episode-594-board-games https://www.npr.org/sections/money/2017/07/19/538141248/epis... > They weren't idealists or social activists--just two shareholders who thought the CEO was being grossly overpaid. And they figured that salary was paid with money taken out out of their pockets. So they tried to force a pay cut.