Corporations are scrambling to protect their senior executives. Boards are reassessing security budgets. And CEOs are being told to delete their digital footprints.
I didn’t see how that’s profitable. If I were on the board I would just make sure their life insurance was paid up. Management is completely disposable. If they die, then you just get a new one, plus the insurance payout.
The trouble is that most shareholders own their shares through mutual funds in their retirement accounts, and those shares get voted by the fund managers at Vanguard/Black Rock/Fidelity/etc. Those people definitely are part of the good ol’ boys club and will definitely vote in the executives’ interest and against their clients’.
I didn’t see how that’s profitable. If I were on the board I would just make sure their life insurance was paid up. Management is completely disposable. If they die, then you just get a new one, plus the insurance payout.
I’m sure most shareholders would agree with you.
The trouble is that most shareholders own their shares through mutual funds in their retirement accounts, and those shares get voted by the fund managers at Vanguard/Black Rock/Fidelity/etc. Those people definitely are part of the good ol’ boys club and will definitely vote in the executives’ interest and against their clients’.