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Post by tayl5 on Feb 23, 2016 0:36:03 GMT -5
One of the challenges of rating a board's benefit to a company in crisis is that the board that gets it out is often the same board that got it in. A board decision is the mechanism by which the CEO can be overruled and replaced if necessary, although in many circumstances the board members have too big an allegiance to whoever got them there (e.g. the CEO) to act in an appropriate way. While Al's retirement from the board may be entirely based on his health and/or ongoing personal interests, the board may have more independence, for better or worse, now that he's gone.
The board is also an antenna for deal possibilities. I hope that antenna is now cranked up to full power.
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