Oh they are also in the board for other businesses as well. You ever wonder why a while industry will make the same sweeping changes or all have the same pay? It’s because they all “work” together on each other’s company’s boards. The IT company I worked for had three “competitors” CEOs on the board, along with CEO from a fast food company and one from a bank. These people are the true power in capitalism. Not the elected officials. Me and a coworker did the math in how much of the US work force our board had direct/indirect control over. It was 45% of the IT Management field. 10% of the fast food. And about 4% of banking. 5 people not counting our CEO shouldn’t be that interconnected when they have that much power.
Oh they are also in the board for other businesses as well. You ever wonder why a while industry will make the same sweeping changes or all have the same pay? It’s because they all “work” together on each other’s company’s boards. The IT company I worked for had three “competitors” CEOs on the board, along with CEO from a fast food company and one from a bank. These people are the true power in capitalism. Not the elected officials. Me and a coworker did the math in how much of the US work force our board had direct/indirect control over. It was 45% of the IT Management field. 10% of the fast food. And about 4% of banking. 5 people not counting our CEO shouldn’t be that interconnected when they have that much power.