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I like your perspective, but alas you are whistling in the wind. Boards of Directors are politicians...you learn this is business school. Lesson 1:Pick a Board that helps with connections (i.e. regulatory hurdles, access to finance, access to politicians, CEO of a major supplier etc.). The money trail will lead you to Lesson 1 every time.
Nov 16 10:01 am
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All Comments by mahony »Dear Mr. President-Elect: Advice on Combating White-Collar Crime from a Convicted Felon [View article]
We will pay some lip service to better financial management for the next few years and then it will be business as usual. We'll call CEO's and CFO before Congress and berate them mercilessly, and they will still go home with what they earned by ill-gotten gains. Hey, you still get to vote and I bet that you (or even more likely your family members) still have a comfortable nest egg.
The overall lesson is that crime can still pay with low risk and if you are able to pull it off without any criminal activity (pure foolishness ala some of the Wall Street firms) all the better. Shame is dead...