Re:Massachusetts couple suing eBay after employees harassed ...
by ncmncm on Tuesday August 03, 2021 @02:35PM
(#28052510)
Boards think, or pretend to think, they need to promise such payments at hiring time in order to attract the candidates they (think they) want.
Board members tend to be, have been, or be related to CEOs. So, it is largely a matter of class solidarity. A norm of "CEO always wins" is good for them in general, even if it occasionally makes bad publicity. Bad publicity doesn't really cost them anything, anyway.
Boards and corporate officers ganging up against the interests of the stockholders is an old story. Nobody seems to have a solution, or to know how to put one into practice. Typically there is no one but a Board in any position to act on any idea.
Board members tend to be, have been, or be related to CEOs. So, it is largely a matter of class solidarity. A norm of "CEO always wins" is good for them in general, even if it occasionally makes bad publicity. Bad publicity doesn't really cost them anything, anyway.
Boards and corporate officers ganging up against the interests of the stockholders is an old story. Nobody seems to have a solution, or to know how to put one into practice. Typically there is no one but a Board in any position to act on any idea.