> Someone in power doesn’t get to choose - the board of directors do Since the b... | Hacker News

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		dbdr 14 days ago \| parent \| context \| favorite \| on: Small models also found the vulnerabilities that M... > Someone in power doesn’t get to choose - the board of directors do Since the board of directors can decide to replace the CEO, it's not the CEO who holds the (ultimate) power, it's the board of directors.

jsjohnst 13 days ago [–]

Since the majority shareholder(s) can decide to replace the board of directors, it’s not the board of directors who holds the (ultimate) power, it’s the majority shareholder(s).

dbdr 13 days ago | [–]

Indeed, and there we reached the end of the chain.

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