Linked by Hadrien Grasland on Fri 14th Jan 2011 14:58 UTC, submitted by Debjit
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RE: The problem with public companies
by Neolander on Fri 14th Jan 2011 21:26
in reply to "The problem with public companies"
RE[2]: The problem with public companies
by siride on Fri 14th Jan 2011 21:31
in reply to "RE: The problem with public companies"
Publicly-traded companies, owned by public shareholders: http://en.wikipedia.org/wiki/Public_company





Member since:
2009-08-19
This shows that board members are not expected to know anything about the business they are tasked to oversee.
The financial crisis is the prime example of this.
It really is odd that there is a class of professions where relevant field experience is irrelevant. It is also the same class that never has to worry about unemployment.