Hacker Newsnew | past | comments | ask | show | jobs | submitlogin

Why would the board of directors just wait around for a clueless leader to drive them into the ground?

Typically, CEO's hire their board and gives them lots of options to essentially align with the CEO.

Once I wrote this, out of curiosity, I checked who's on the board of Blockbuster. Interestingly, a one Carl Icahn is on the board. (http://www.reuters.com/finance/stocks/companyOfficers?symbol...)

Also, the CEO made $5 odd million last year(http://www.reuters.com/finance/stocks/officerProfile?symbol=...).



wtf? The board hires CEO's not the other way around - board members are voted on by shareholders.




Guidelines | FAQ | Lists | API | Security | Legal | Apply to YC | Contact

Search: