Lex Fridman Podcast
#413 – Bill Ackman: Investing, Financial Battles, Harvard, DEI, X & Free Speech
Bill Ackman
It's really a self-perpetuating board that effectively elects its own members. Once the balance tips politically one way or another, it can be kept that way forever. There's no rebalancing system. If a US corporation goes off the rails, so to speak, The shareholders can get together and vote off the directors. There's no ability to vote off the directors.
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