RE:RE:RE:RE:RE:RE:PYR s RadinBoard members know so little about the company, its intracies, its day to day, its competitors, its technology, its market potential, and so on... it's laughable to think they give any direction to management. You've got to be kidding.
Management brings all possible scenarios to the board meeting, and the board votes on it. Boards do not do strategy nor planning. That's just wildly, wildly incorrect.
My only point with this was that one should put no great thought in who and who isn't hired to fill a board seat, as it rarely matters.
Anyways, enough from me on this. Yes we can disagree.
itwillbeoknowok wrote: Midtown Guy - yes we can agree to disagree I to have been elected to a seat on a few Boards. Management does not give direction they take direction from the Board and are hired by the Board.
There are so many examples of failed companies who had so many big named Directors. It is because they were not really functioning companies they were built to fleece people out of their money and just had the star cast to bring attention to the company. If these Directors actually fulfilled their roles as Directors the company would likely still be in business, but they lacked direction and failed.