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I think it's important to remember that some (most?) of what Levine writes is tongue-in-cheek. There Levine discusses the practical consequences and board's inc

I think it's important to remember that some (most?) of what Levine writes is tongue-in-cheek. There Levine discusses the practical consequences and board's incentives but in no way is he saying the board has fulfilled their legal obligations. Not even facetiously.

e1g 5y ago
Absolutely! It's a humorous take but still presents an excellent way to frame the situation through the lens of perverse incentives of board members of a private company in a smoke-and-mirrors industry such as media.