Details: What this is.

We’re generally a big fan of Boards (responsible, balanced ones, or bent ones we’re helping fix). After all, it’s their job to help maximize shareholder value. But let’s not forget Parcon’s own variation of a warning that dates back to Sun Tzu’s era about the risk of the sovereign (e.g. the Emperor and his advisors) interfering with his talented General. The CorpWar equivalent is pretty straightforward:

”If the General [CEO] needs to go to the temple [the Board] to request permission to put out a fire, by the time he gets back with the hose there is often nothing left but ashes.”

Think about it*…

*Especially as you read the Sarbanes-Oxley Act of 2002
(avail. to CorpWar readers here.)

>This newsletter is sponsored by Parcon Research.