Re:Vanguard Is Growing Faster Than Everybody Else Combined
by KKKKkkkk1 on Wednesday April 19, 2017 @10:28AM
(#14147923)
Talking about honorable and competent people on the board of directors. I recently realized that Apple's board of directors includes Al Gore. He's certainly a honorable man, but what does he know about making and selling iPhones? Why is he on Apple's board of directors?
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Re:Vanguard Is Growing Faster Than Everybody Else Combined
by fictioncircle on Wednesday April 19, 2017 @10:33AM
(#14147947)
> Talking about honorable and competent people on the board of directors. I recently realized that Apple's board of directors includes Al Gore. He's certainly a honorable man, but what does he know about making and selling iPhones? Why is he on Apple's board of directors?
His job isn't to make and sell cell phones. His primary function is to make the C-suite accountable to shareholders. The C-suite's job is to make and sell cell phones.
Frankly, Boards function mostly on business metrics and people skills that are generic to any business.
Re:Vanguard Is Growing Faster Than Everybody Else Combined
by ralfd on Wednesday April 19, 2017 @03:45PM
(#14151090)
Al Gores real job on the Apples board had been to have Steve Jobs back. Jobs wanted a card blanche to lead Apple (and never be fired again) so he picked a respectable board loyal/friendly to him.
Re:Vanguard Is Growing Faster Than Everybody Else Combined
by dagw on Wednesday April 19, 2017 @10:33AM
(#14147954)
Why is he on Apple's board of directors?
He has a working knowledge of how governments operate, and as such knows the right person to call and the right procedure to follow to get stuff done. He probably also still knows a bunch of people whom could be useful to know if you're operating a huge multinational company.