Wednesday, September 15, 2010
A Director who presides over financial ruin of a company is not exactly who I would want on my corporate board, and yet many boards seem invite former AIG, Lehman other failed company board members - I am selling stock
Posted by D. Daniel Sokol
Check out this story in the NY Times how directors with a record of failure seem to keep getting appointed to new firms. For competitors to these firms, this is the best news possible that a former AIG or Lehman director is now on the board to provide poor decision-making and oversight.