4 ms·
Shareholders can and have replaced the Board of Directors of public companies, based on their lack of faith in the company's ability to maximize profits. The B
by VikingCoder 13y ago
Shareholders can and have replaced the Board of Directors of public companies, based on their lack of faith in the company's ability to maximize profits. The Board of Directors is in charge of hiring and firing for the senior executives. The Board of Directors and Senior Executives know this, and aren't stupid.
All that has to happen is that shareholders (which are often other corporations) need to act RESPONSIBLY, and you're right, this meme will die. I expect the sun to go red giant, first, though.
- chc 13y agoIf you are seriously suggesting that Tim Cook would have been ousted had Apple not gone down this road, I think you and the rest of the world are just going to have to agree to disagree.
- mark-r 13y agoYou misunderstand. Tim Cook wouldn't have gotten the job in the first place if the board had thought he would shy away from such a decision.
- timberlane 13y agoUnless pg is right, and this will actually hurt aap's share price. And pg is not always wrong.
- sigzero 13y agoI predict it isn't going to do anything to hurt share price.
- VikingCoder 13y agoYeah, it would be crazy to think that a corporation like Apple would ever replace their CEO. I'm reminded of the phrase, Those who do not read history are doomed to repeat it.