04-15-2016, 03:37 PM
(04-15-2016, 03:23 PM)JustWinBaby Wrote: Boards who select CEO's tend to have a laziness and fear (sometimes legal, as fiduciaries) of the unknown. That causes them not only to stick with losers, but to pay ridiculous premiums for "known" quantities because for whatever reason they fail to identify up-and-comers who would probably be better (and much cheaper).
This.
CEO's get their contracts bought out for failing then go get other great jbs.
it is just like professional sports where teams keep hiring coaches and managers who have been fired for failing with other teams.
