I meant that it's the boards that pay the CEOs and decide if that CEO is doing a good job. Unfortunately, many times the board is appointed by the CEO.
Showing up 4 times a year to collect $250K+/yr is a pretty sweet gig; not a lot of motivation to do work and get involved. Call me pessimistic, but think there are very few board members who feel "duty-bound" to do anything other than collect their check. On Wed, Feb 23, 2011 at 12:31 AM, Robert Munn <[email protected]> wrote: > > Boards in the US are duty-bound to maximize profits for shareholders, so > they are useless when the issue is off-shoring labor. > > Says something about the continued success of Germany's manufacturing > industry. Their corporate boards include employee (labor) representation. > > On Tue, Feb 22, 2011 at 8:20 PM, Gruss Gott <[email protected]> wrote: > >> >> Totally agree except the CEO part: it's the boards. >> > > > ~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~| Order the Adobe Coldfusion Anthology now! http://www.amazon.com/Adobe-Coldfusion-Anthology/dp/1430272155/?tag=houseoffusion Archive: http://www.houseoffusion.com/groups/cf-community/message.cfm/messageid:334627 Subscription: http://www.houseoffusion.com/groups/cf-community/subscribe.cfm Unsubscribe: http://www.houseoffusion.com/groups/cf-community/unsubscribe.cfm
