Antitrust & Competition Policy Blog

Editor: D. Daniel Sokol
University of Florida
Levin College of Law

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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.

http://lawprofessors.typepad.com/antitrustprof_blog/2010/09/a-director-who-presides-over-financial-ruin-of-a-company-is-not-exactly-who-i-would-want-on-my-corpo.html

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