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In 2002 business week listed apple computer as having one of the worst board of directors:
founder steve jobs owns just two shares in the company ...the ceo of micro warehouse, which accounted for nearly 2.9% of apples net sales in 200, sits on the compensation committee...there is an interlocking directorship with gap ceoo mickey Drexler and jobs sitting on each other's boards. why might investors be concerned that a top manager like steve jobs owns only two shares in the firm? why might investors be concernedif a member of the board of directors also has a business relationship with the firm? what is an "interlocking directorship"? why is it a bad thing?

Microeconomics, Economics

  • Category:- Microeconomics
  • Reference No.:- M961807

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