New Board Member - Christine Mundkur
Nov 27, 2018 21:55:54 GMT -5
alethea, cedafuntennis, and 1 more like this
Post by seanismorris on Nov 27, 2018 21:55:54 GMT -5
Not to be a Debbie Downer, but I haven’t seen Board Members actually do much...
Sure, they determine executive pay and occasionally show those executives the door (frequently with an undeserved “golden parachute”) but they don’t provide the great insight that investors seem to expect.
A Board member is often where the company founder gets stashed when he’s no longer wanted, while still collecting a salary.
In this case, MannKind is probably just checking the box of a public company requirement.
When you remove Michael Castagna’s age from the average age of our Board of Directers, most of us can expect to be pushing up daisies before reaching that average age.
Sure, they determine executive pay and occasionally show those executives the door (frequently with an undeserved “golden parachute”) but they don’t provide the great insight that investors seem to expect.
A Board member is often where the company founder gets stashed when he’s no longer wanted, while still collecting a salary.
In this case, MannKind is probably just checking the box of a public company requirement.
When you remove Michael Castagna’s age from the average age of our Board of Directers, most of us can expect to be pushing up daisies before reaching that average age.
