#413 – Bill Ackman: Investing, Financial Battles, Harvard, DEI, X & Free Speech

5497.004 - 5518.92 Bill Ackman

Yeah, so private venture-backed companies The boards tend to be very small. It could be a handful of the venture investors and management. They're often very rarely independent directors. It's just not an ideal structure. Oh, I see. You want independent. It's beneficial to have people who have an economic interest in the business and they care only about the success of that company.