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Boards themselves have conclusively proven to be extremely dangerous to all of society, not just founders, since it’s dominated by CEOs deciding the salary of o
by cannabis_sam 5y ago
Boards themselves have conclusively proven to be extremely dangerous to all of society, not just founders, since it’s dominated by CEOs deciding the salary of other CEOs…
Adam Smith literally warned against this two fucking centuries ago:
> People of the same trade seldom meet together, even for merriment and diversion, but the conversation ends in a conspiracy against the public, or in some contrivance to raise prices.
We are all paying a double price, first for insanely inflated executive salaries and second since us normal workers actually have to face the consequences of a business going down, while the CEO, who’s actually responsible for the destruction of the company, drifts of on their golden parachute to a new executive position.