board of directors

“The idea that, that a board will discipline management is, is just an absolute fantasy. And that's a core kind of element of the logical structure that guides the workings of the capital markets, the equity markets, and the widely held publicly traded companie…”

“You know, one of the things that I tell my companies is you can take as long to, you can wait until the board meeting to give good, you know, good news, but you give bad news as fast as possible. And there's, that is a classic trust breakdown from the founder …”

“That's so, so wrong, because things rarely come to a vote. It's always about what's that conversation around the table. And someone who has a seat at the table is participating in whatever strategic conversation you're having can really change the direction of…”

“Even entrepreneurs starting company number four or five, six, You know, this is why they should have, like, a board of directors, and they should have people on their board who are actually, like, very smart and strong-willed who will argue with them, right, a…”

“If you walk into a board meeting and there's a crisis and you're not presented in a way that's where there's a crisis and, you know, we're doing a briefing for what the crisis is and kind of what our preliminary responses and thoughts are. What our analysis of…”

“I think an outgoing CEO should just leave, should not sit on the board, because then you're sort of curbing what the new CEO can do, because they're now always looking over their shoulder to see if they can take a direction that's different than the CEO sittin…”

“Any board member can reach out to any person in the company anytime they want and ask them anything they want. And there's no supervision or people have to accompany them or none of that.”

“I am never going to be smarter. Then the sum of all the directors, that's never going to happen mathematically.”