I didn't say boards are capricious. They just have a clear motive: more money, now. This should not be a surprise to funded CEOs. Don't let your happiness dep

I didn't say boards are capricious. They just have a clear motive: more money, now. This should not be a surprise to funded CEOs. Don't let your happiness depend on making a board happy, if that's not what you bring to the table. If you're the best person to achieve more money, now you stay. But if you cease to be the best person to achieve more money, now, you are susceptible to replacement. Of course, there are transaction costs that might make a particular pivot too expensive. McDonalds isn't going to pivot to Elon Musk, even if Elon Musk is objectively the world's best CEO. In that case, the current CEO may still the "best" guide to more money, now, all things considered. But no CEO can adopt a long term position inconsistent with their Board's two goals (more, now) without risking replacement.