2 ms·

But what if the board are optimizing for themselves as well?

• andsoitis 4y ago
  Then the board is breaking their fiduciary duty and the shareholders will sue them into oblivion.
  • willcipriano 4y ago
    How would you prove it? "We thought that these stock buybacks we put on the company credit card were for the good of the shareholders long term, it's a coinsidance that it happened to increase our compensation as well, sorry it didn't work out as we thought."
    • andsoitis 4y ago
      If you're curious to learn more then instead of debating in the abstract, it is worth learning more about: a) how board members are compensated b) what type of people are appointed to boards A good start is https://www.investopedia.com/articles/wealth-management/040416/retired-execs-what-do-corporate-boards-pay.asp https://www.investopedia.com/articles/wealth-management/0404...