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What makes you think a typical corporate board actually acts in the interest of its shareholders?

• simonsarris 1y ago
  ??? Because the typical corporate board usually owns an awful lot of shares, and the c-suite is often largely paid in shares. The second part of this article is about stock buybacks for a reason. There is really no doubt that they are sensitive to shareholders here.
  • AtlasBarfed 1y ago
    Go check out how the Tesla board functions, who is on it, how they got there, and how they could be removed. Musk has his cronies on the board, and the rules to replace someone on the board effectively require 80+% of the stock not owned by Elon to change. The members of this board got huge stock grants from Musk and are utterly beholden to him.