[nigelpry]

Originally Posted by NipL

All companies over a certain size seem to have members of the board to be an exclusive club. And many are members in multiple boards of directors.

It's been a lot in media the last 20 years or so - that any CEO getting fired get a golden parachute that is something like 10-20 lifetime achievements of an ordinary worker - for doing a crap job, sometimes only for a couple of months.

Probably directors of the boards vote this through hoping they are elected as CEO in any company, all playing golf together, and next to go with silly money compensation. They are all yes-men due to this. Seems unstopable even with all this media attention.

Annual shareholders meetings are electing chairman of the board, which in turn select members of the board, that in turn elect CEO. This might differ a bit depending on legislation in different countries.

But to change this shareholders meetings is the place to do it. But shareholders are too often big trust funds which have board of directors that golf together with CEO's.

Board of untouchables....

Seems like you could be talking about what Jack Black calls 'The Man' and describing the principle underlying tenet of capitalism .... the rich looking after themselves while feeding off the poor.

Hence the attempts to string us along with 'jam tomorrow promises' that will likely turn out to be just another bowl of 'gruel', not even made with milk!