Comment on In Facebook Deal, Board Was All But Out of PictureparentComments−nl14yThe board is there to advise & CEO and provide support, and step in if things go wrong.In this case it's worth noting that the CEO is also the largest shareholder, so it is difficult to argue they weren't representing shareholder interest.
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The board is there to advise & CEO and provide support, and step in if things go wrong.
In this case it's worth noting that the CEO is also the largest shareholder, so it is difficult to argue they weren't representing shareholder interest.