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damola93 t1_jc6zivx wrote

There's a difference between being on a board and being a C-Suite executive. Most of the time, Board Members are there to lend their credibility and leverage their contacts. They are probably going to rely on the information coming from the C-Suite and ask questions based on what they are being fed. They also look good on a PowerPoint, which would help convince investors to put money into a business.

After researching what happened at Theranos, I found out only a few board members fact-check the information they are being given. For example, several people with connections to the DoD didn't bother to check Holmes' claims about what Theranos was doing with the military. Ya, these boards are sold to the public as safety valves and watchdogs on behalf of investors. In reality, many just take the paycheck, believe what they are told, and leverage their contacts when needed. I can't blame them because many are on several boards and don't have the time to do deep dives on every company under their purview.


nowyourdoingit t1_jc768no wrote

Yes, that's how it works.

Lots of people text and drive. They're busy. Driving is pretty easy and rarely do things go wrong. Sometimes it's an important text. THEY'RE STILL RESPONSIBLE FOR THE CAR CRASH!!!!