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Jesus. Perhaps showing my ignorance but I'm surprised by the amount of overlap these board members have across major companies.
by bluerooibos 3y ago
Jesus. Perhaps showing my ignorance but I'm surprised by the amount of overlap these board members have across major companies.
- tristor 3y agoThey Rule is outdated, but the unfortunate truth is that there's been even more consolidation since it first went online. This is partly due to the consolidation of liquidity through institutional investors. It's one of the consequences of passive investment strategies being dominant among retail investors.
- bozhark 3y agoCompanies, state dept., politicians, revolving door
- ensignavenger 3y agoSome of these people are investors or represent investor groups. As such, the group they represent will own stakes in multiple companies, and often have board seats on many of the companies. Others will be an top executive at one company, and also serve on the board as an advisor of a few other, non-competing companies (usually non-competing). Those are probably the most common scenarios where some one would serve on multiple boards.
- poorlyknit 3y agoDoes that change anything though?
- ensignavenger 3y agoI am not sure what the concern is in the first place, so I am not sure if it changes anything or not. I was just adding my own perspective on the situation.
- refurb 3y agoSure. If Vanguard has board seats it wouldn’t be odd for that person to sit on lots of boards of companies Vanguard invests in.
- mdekkers 3y agoIt’s a big club, and you ain’t in it! https://m.youtube.com/watch?v=Nyvxt1svxso https://m.youtube.com/watch?v=Nyvxt1svxso