Birdwatch Note Rating
2024-03-29 00:14:40 UTC - NOT_HELPFUL
Rated by Participant: 6BE3EF76BBAB9A4455431EFD47BFAC1AF47607A8DC324D7248301B184C6772AC
Participant Details
Original Note:
Hiring a CEO must be approved by a company’s board, which is comprised of independent members -elected by shareholders- to act in the shareholders best interest. Thus, the current CEO of a public company cannot “hire” a new CEO. https://www.investopedia.com/terms/b/boardofdirectors.asp https://www.extension.iastate.edu/agdm/wholefarm/html/c5-71.html#:~:text=Essentially%2C%20it%20is%20the%20role,and%20strategy%20of%20the%20business.
All Note Details