4 ms·
That’s probably because they’re largely appointed (the directors anyway) from a pool of highly conflicted industry insiders who hold little to no intention of f
by nativeit 3y ago
That’s probably because they’re largely appointed (the directors anyway) from a pool of highly conflicted industry insiders who hold little to no intention of fulfilling their public responsibilities.
- yterdy 3y agoThey're also not held accountable in any meaningful way by regulators (again, because they're highly conflicted). Bernie Madoff was the exception; most don't even get the Martha Stewart treatment, even after causing orders of magnitude more damage.