Throughout the 20th century, American corporations were governed by autocratic, almost unaccountable chief executives. Their word was law, and the only check on their power was a board of directors... This description may be from another edition of this product.
Although I have known about corruption and absolute power at the top of big companies this book reinforces what I have known. CEO's are there to regulate the board and the board protects the stockholders. That is what is supposed to be not, you wash my back and I'll wash yours.
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