4 ms·
It is very very rarely case (at least in my limited years in corporate world) that the leadership is more evil than the board (atleast for public for-profit com
by flashgordon 3y ago
It is very very rarely case (at least in my limited years in corporate world) that the leadership is more evil than the board (atleast for public for-profit companies. Even more rare is the board not having this chat with leadership before the announcement.
- brightlancer 3y agoThe problem is that this really screws the shareholders, and _obviously_ so. Most of the value of stock comes from the ability to sell it to someone else who wants to buy it. Who wants to buy stock in a company that has presented a plan to self-immolate? The current stockholders may see some returns from short term profits, but then they'll be left holding the bag. This seems like a case where the shareholders are incentivized to oust the board, because the company is going to screw them.