January/February 2007, The Corporate Board, p. 30

Spoken & Written
-------------------------
Articles and Speeches

Why are boards so slow to fire the chief?  One reason is that they 
don't have enough skin in the game.  They own few shares and therefore 
don't feel obligated to protect their investment from an out-of-touch 
boss.  Besides, most of them owe their cushy jobs to the chief executive. 

-Robin Hanson,
George Mason University