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The CEO of the company I work for was the chairman of the board of directors. That was before chapter 11 bankruptcy. Now the new CEO is only a board member. I have to go see how my chickens are doing. I just bought a fox to guard the henhouse.

Agree with your quote. The Board should be required to have significant equity in the company its overseeing. My Chairman is also the CEO... but he's also the largest shareholder.

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