Being egocentric to a high degree is not a crime.

Reader comment on: Bloomberg Versus Bloomberg

Submitted by Lyle (United States), Jun 28, 2011 23:50

It is clear that one problem is that a lot of CEO's are extremely egocentric (see Angelo Mozillo for an example). Board of Directors don't care about the shareholders, but only about keeping the CEO happy most of the time. Bring on the ability of 3% of shareholders to nominate board members on the corporate proxy, as today corp governance is the perfect example of Soviet Style democracy in the US. (It takes a revolution to displace the incumbents). Further forbid all nominating committees from having any conversations about new board members with the CEO and underlings.

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Title By Date
⇒ Being egocentric to a high degree is not a crime. [97 words]LyleJun 28, 2011 23:50
Why? [31 words]Jerry SkurnikJun 28, 2011 17:13

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