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> Boards just rubber stamp whatever the CEO wants Boards often want the same thing because members usually own stock in the company. Make a lot of money in the
by jmcgough 5y ago
> Boards just rubber stamp whatever the CEO wants
Boards often want the same thing because members usually own stock in the company. Make a lot of money in the short term, pump that into stock buybacks, profit. Shareholders want the same thing - they often aren't looking past the next 1-4 quarters, they want fast returns.
- cheriot 5y ago> Shareholders want the same thing Maybe that's the root of it and long-term capital gains should take longer than 1 year. The owners have a shorter horizon than employees!