Comment Re:Damn. (Score 1) 245
No, that's an example of terrible board oversight. The whole point of a Board of Directors is that they have a fiduciary duty to represent shareholder and company interests and are supposed to be composed of a mix of folks representing different constituencies.
No, you can't just take McB's personal responsibility in this away and blame the BoD. McB convinced the BoD and they accepted it. Isn't that why CEOs have golden parachutes? They can do whatever they want, right or wrong, and if fired, walk away with multiple-millions for their high-priced skills that no one else could possibly do. You see this cause and effect almost daily.
U.S. Business 101--unfortunately.
-- -glenn-
No, you can't just take McB's personal responsibility in this away and blame the BoD. McB convinced the BoD and they accepted it. Isn't that why CEOs have golden parachutes? They can do whatever they want, right or wrong, and if fired, walk away with multiple-millions for their high-priced skills that no one else could possibly do. You see this cause and effect almost daily.
U.S. Business 101--unfortunately.
-- -glenn-
