Anthony Scilipoti
๐ค SpeakerAppearances Over Time
Podcast Appearances
Well, the board is making these decisions.
And everybody says, oh, the board's bad and boards are bad.
It's like, well, no, the board wants to retain the CEO.
And oftentimes, you know, that could be a very significant personality.
And that personality may, you know, there's other companies that want that individual to work there.
So they have to retain them.
And oftentimes money is retaining.
That's something that becomes a problem.
What is the role of the board?
The role of the board is to embrace the position and the viewpoint of the shareholder and or the stakeholder.
We always, always focus on the shareholder, but stakeholders, stakeholders, employees, right?
customers, the communities the company works in, the competitors, and embrace each of those and ensure that the company is making decisions or that the executive is making decisions in the best interests of those stakeholders.
Oftentimes, they just focus on, you know, shareholder value.
Well, what is shareholder value?
Is that just something that we can calculate on the financial statements or calculate into the stock price?
Or is that that they've built a vibrant employee base that is growing and has a great culture that regardless of what's going to happen in the stock price, they're going to get through it?
Are they focused on, you know, in the communities in which they operate and ensuring that they sustain themselves?
Because if they're just milking that community or that environment wherever they're working, well, then what happens when they've finished milking it?
Is that business going to be able to continue?
And so it's something I've spoken on before.