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Literally anything a public company does is a board decision. That's how boards work. They say what to do, and if the CEO disagrees, the board votes to dismiss
by TheRealPomax 1y ago
Literally anything a public company does is a board decision. That's how boards work. They say what to do, and if the CEO disagrees, the board votes to dismiss them and put someone in the position who can follow instructions.
- mullingitover 1y agoOne huge factor in Apple’s historic turnaround with SJ’s return to the company: the bailout funders fired the board and brought in SJ’s hand picked board to rubber stamp his decisions. The Tesla board is a similarly mindless rubber stamp operation, for better or worse.
- eviks 1y agoThat's not true, have you never heard of CEOs packing the boards? Also, boards are in charge of a tiny % of all decisions, so it's the opposite of your "literally"