Quote:
Originally Posted by fjtorres
keep the staff, fire the owners.
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Is B&N in the S&P500? If so, I think that would include me
I guess you really mean that the Board of Directors should fire the CEO, and people right under him or her. This of course happens a lot. They can always find an impressive-seeming replacement CEO, given the salaries. But how different is this from the sports scenario? Here's a
Harvard Business School paper saying the the Board of Directors are often giving in to stockholder pressure when they pull the plug on the CEO. It sounds a lot like the revolving door sports coach situation.