Lex Fridman Podcast
#413 – Bill Ackman: Investing, Financial Battles, Harvard, DEI, X & Free Speech
Bill Ackman
They collect a million, a million and a half dollars a year in director's fees. If they get thrown off the board by the shareholders, that's embarrassing, obviously, and it affects their ability to get on other boards. Again, incentives, as I said earlier, drive all human behavior. The incentives of directors, they want to preserve their board seats.
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