2 ms·
It doesn't seem to - 2 of the top 3 people might be ex-CEOs, but that doesn't mean that all board members are CXOs. That's why I was asking how we see it for al
by robertlagrant 2y ago
It doesn't seem to - 2 of the top 3 people might be ex-CEOs, but that doesn't mean that all board members are CXOs. That's why I was asking how we see it for all board members, and not just the top 3.
- triceratops 2y ago> that doesn't mean that all board members are CXOs Yes even one contrary example would disprove this statement. I thought the original sentiment was boards are dominated by top executives in industry, and not that literally 100% of board members are currently a CEO. The former isn't obviously untrue to me, the latter is easily disproved. It isn't even necessarily wrong to have mostly CEOs or ex-CEOs on boards. You really do want experienced businesspeople as board members. But that conflict of interest or "class loyalty" should be kept in mind when discussing whether CEO pay is set by a competitive, open market.