Quote:
Originally Posted by
SockRolid 
And how many years did it take RIM's board to figure out that there was a problem?
RIM's board did nothing for years. HP's board did many stupid things for years.
Which is worse?

Yeah, for the past 10 years, I just don't know what the purpose of a board is. In most cases where the company sucks, either the board controls the company and just parades CEOs in and out... or, in the case of RIM, and Microsoft, founders or CEOs are also on the Board, and it's just as bad.
What exactly is the Board of Directors supposed to do? The only thing I understand is how Steve did it, when he came back to Apple he cleared out the board, and even then, a Judas betrayed him several years later!
Personally, I think the rate of change of technology means that tech and soon, other non-tech companies cannot have a useless, bloated board.
I suppose the role of the board is to have somebody that can replace the CEO and COO without mutiny from other C-level executives. But how do you completely gut the board if you're a CEO or COO? From Steve's biography, it's not clear how he did it, though we do get some insight into the process.
The board - what is it good for? Sing it with me...


