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this post was submitted on 15 Oct 2023
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No Stupid Questions
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No such thing. Ask away!
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Do you know what boards of directors are? These people are not running the company they just sit together every so often to give their opinion on shit. They're sometimes related to the industry sometimes not. Again my example is a massive over-simplification of thousands of small colusions and conflicts of interests which drive these kinds of corporate wills. And for your info I did work in corporate management, not that far from CEOs so I do have an understanding, thankfully left that shit behind now though.
Yes I sit on three board of directors. I can assure you that the CEO or CFO or any other high level board members are not making decisions because they have interests in other entries. In fact as a board member, your job and pretty much your only job is to ensure those making decisions are doing it in the interest of the company they represent. If there are any conflicts of interest, we take an extremely close look at that. If a CEO or even a board member did not disclose some conflict, particular in financial matters, that would be one of the few ways to be removed. More so, that is one of the few ways shareholders could pierce the corporate envelope and sue a CEO or sitting board members for that matter.
Sure, whatever let's you sleep at night. Capitalism is a perfect system and corruption doesn't exist, got you 5/5.
Well less corruption than any other system.