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.
Yeah I considered it… But then saw that a CEO can be a CEO of multiple businesses and I realized that it isn’t true.
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.