103 sats \ 2 replies \ @kenn_b 9 Apr 2023 \ on: We need to talk about Jack... bitcoin
Why would anybody care what this particular Jack says than any other Jack I know. He is just one out of many Jacks. This Jack speaks and people wet themselves. Focus on what is important. Not some millionaire Jack who had a good idea and executed well. Ifhe did wrong, karma is a bitch.
Also, note that it is the board that makes decisions, not the ceo. They r just a puppet.
Thanks for this important clarification.
I questioned chatGPT about it (see below). It's very possible that he was put in minority, this probably explains his later resignation in 2021...
Both the CEO and the board of directors play important roles in making decisions for a company, but their responsibilities and decision-making authority differ.
The CEO is the top executive of the company and is responsible for managing the day-to-day operations of the business. The CEO has the authority to make operational decisions, set the company's strategic direction, and manage the company's resources. The CEO is ultimately accountable to the board of directors for the company's performance.
The board of directors, on the other hand, is responsible for overseeing the management of the company and making high-level decisions that affect the company's overall direction and performance. The board sets policies and strategies, approves major initiatives and investments, hires and evaluates the CEO, and monitors the company's financial performance and risk management. The board also ensures that the company is operating in compliance with legal and regulatory requirements.
In summary, while the CEO makes operational decisions and manages the day-to-day operations of the company, the board of directors sets the company's strategic direction and oversees its performance, with ultimate accountability to the shareholders.
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Yep. If he wanted to keep his job, he better play ball.
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