Comment Re:you're a dumbass (Score 1) 333
I've invested in companies where the CEO was somewhat established by birthright due to family control of the majority of the shares. While this can be a bad thing, the family will most likely have a long term dedication to the company as opposed to the quarterly. It also assures that the CEO will have a very low turnover usually due to retirement or death, so the company will often be able to plan and execute long-term goals without having to worry about their next position or retaining their chair.
The CEO in question does not have absolute power as its a publicly traded company with regulations and shareholders. While the family has great control over the company, the shareholders have consistently voted to retain the board as they've done an excellent job and have not appeared to violate any of the shareholders trust.
Even with my positive outlook on the company, I would not be an investor without the restraints the law puts on public companies. Without those in place, I would be very vulnerable with little recourse to the majority/controlling party. Oversight is always needed, even for the benevolent.