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This seems like a big governance challenge. This is a big challenge for boards and CEOs. CEOs like to have full authority, and be held accountable. Boards li
by mathattack 12y ago
This seems like a big governance challenge. This is a big challenge for boards and CEOs. CEOs like to have full authority, and be held accountable. Boards like to be able to ask questions. In the end, the board's only true recourse is to fire the CEO.
Here it sounds like the CEO wanted a freer hand, and left when the event signaled a change in governance. (You can't take $50mm and not expect questions)