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Strategies & Market Trends : Gorilla and King Portfolio Candidates -- Ignore unavailable to you. Want to Upgrade?

To: Bruce Brown who wrote (50344)	2/13/2002 7:36:06 PM
From: Pirah Naman	Read Replies (3) \| Respond to of 54805

Frank is right. Board members are paid well to protect the interests of the owners. In this case, they failed. Why they failed is another topic, and that is where you can get into issues of guilt or innocence. While it is impossible for a board member to know all the details, they have to know enough to at least point out extreme hazards to the owners of the business. Maybe some member who serves on several boards has their attention spread too thin to do a good job. Whatever the reason, if a board member fails to note a potentially major problem and disseminate that information to the owners, why should the owners of a company pay for his services? Is he owed a board position? Is he demonstrably indispensible? - Pirah