Would a board of directors retain Biden as CEO? Or Trump? - StarTribune
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Hur's comments about Biden's memory have, predictably, precipitated harsh criticisms and commentary from Republican candidates for president, as well as current senators and representatives. One such critic was Sen. Thom Tillis on North Carolina, who stated: "I'm not one who gets personal. But when it's so profound, that you have a prosecutor take note of it, I think it's something to pay attention to." Tillis then commented: "I'm not trying to take a cheap shot. … Let's say that was the CEO of a company. What would their board of directors be asking for this evening?"
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In my experience, boards are primarily focused on the results generated by the executive leadership (revenue, profits, stock price and general corporate stability). Applying those standards to President Biden, he has a fabulous story to tell about his first three years in office, both domestically and internationally (notwithstanding the challenges associated with two wars — one initiated by Russia's dictator, and one initiated by Hamas).
There are ways, however, in which a CEO's tenure can come to an abrupt end. These typically involve issues relating to character, integrity, legal compliance, and the ability to work productively and effectively with the rest of the executive team. Collectively, these characteristics can be summed up in two words — leadership abilities. In situations involving these contexts, the board's role is to protect the corporation — ensuring its financial success for various constituencies, maintaining and enhancing its corporate image, and positioning the company for future success and stability.
Applying those standards to the leading Republican candidate for president would result in a failing grade and an immediate discharge. There are too many examples to fit here, but let me offer just a few. On the character side, you have an individual who had a sexual encounter with a porn star then paid her $100,000 to cover it up. A board would fire a CEO who engaged in this conduct in a heartbeat. You have an individual who boasted publicly about grabbing women's genitals. A board would fire a CEO who made such comments in a millisecond.
On the integrity side, the Republican candidate is a person who misled banking institutions and misrepresented the value of his real estate holdings and other assets in an effort to obtain favorable loan rates and tax benefits... Imagine a CEO who stole the most sensitive corporate trade secrets and other confidential materials and then engaged in a monthslong effort to obstruct the company's attempt to reclaim the purloined corporate documents. A CEO like that would be fired then sued by the company
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https://www.startribune.com/would-a-board-of-directors-retain-biden-as-ceo-or-trump/600343549/
Roy Ginsburg, of Minneapolis, is an attorney.
= new reply since forum marked as read
can have more time kissing Putin's Butt.
Every thing TSF touchs dies so that's easy.