The power dynamics on a board are primarily influenced by the CEO, the largest investor, and an independent director, with the CEO holding the most power until challenged by the CFO. The person who has invested the most money wields significant influence, and the independent director acts as a neutral voice between management and the largest investor. An observer seat, such as the one held by Microsoft on a particular board, can carry significant power, potentially even surpassing that of existing board members.
We have a newspalooza for you today. Kara and Scott discuss Elon Musk's decision to put advertisers on blast, Henry Kissinger's death, Nikki Haley's next steps, those Mark Cuban political rumors, and Microsoft's non-voting seat at OpenAI. Then, guest Rob Copeland joins to discuss his new book, “The Fund: Ray Dalio, Bridgewater Associates, and The Unraveling of a Wall Street Legend.”
You can find Rob on X at @realrobcopeland.
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