A Quote by Michael Lewis
At SGI board meetings... Jim Clark's face would get red and he'd start shouting that an investor and board member had cheated him and his engineers.
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Being on a board is not just about showing up for the meetings. A board member needs to materially contribute to the success of the business.
Lots are written about how 'she shows up at board meetings in the saree.' My God, I have never worn a saree to board meetings; people play it out in different ways. I think I have never shied away from the fact that I am an Indian, and I don't intend to, but you can be at home with both cultures.
When I was first elected to the Colorado State Board of Education in 2000, we had to carry a big binder filled with hundreds of pages to every meeting. By 2004, the State Board had gone paperless. We even persuaded the less-tech-savvy members to use laptops to pull up their information during meetings.
I believe the publisher is a member of the editorial board, and I think his vote would matter.
I think every responsible public board at every board meeting should be discussing succession. And, of course, Walmart has a very mature board: our chairman Rob Walton and other members. So succession is an ongoing. I think when I first joined the board of directors, it was discussed then. And it's discussed at every board meeting continually.
The best board members aren't elected by default. CEOs that set themselves up with their choice of board member - which means getting more than one term sheet and doing extensive reference checking - are better off.
Working with Jim Carrey is an absolute gas. I have never laughed so hard for so long. Had he been on-board for the sequel of Dumb & Dumber, I would've jumped on, with no hesitation.
We had a teacher, named Mr. Brown, and he was writing something on the board once - he was writing something on the board, and he farted. And you would have thought kids had seen the face of God. Kids weren't even laughing; they were just sitting there screaming, just screaming. Kids had to get carted out; kids were screaming. Kids had to get carted out, and they were going to the nurses' office. Kids are crying in the hallway. 'Oh, this is our 9/11.' And it was. It was their 9/11 'cause they never thought anything like that could ever happen.
A surfer is poised on a wave on his board, cutting quickly to the left. He'll always be there, in that moment. He's never left it. He had no birth, he didn't go to school, he didn't purchase the board; none of those things ever were.
Everyone has different things they like in terms of board setup. The grind of the board and how it's waxed - you want to make sure that the speed of the board is right for the conditions of the halfpipe. And then there's the edges and the bevel of the edge.
Lots of entrepreneurs don't want to be hassled by a board of directors early on. The entrepreneurs want to control the company, don't want to be responsible to a board, or don't want to waste time communicating with board members. This is a classic error of thinking about the early stage board incorrectly.
Put a lot of paint & a wooden ball or other object on a board. Push to the other end of the board. Use this in a painting. - ruler on board.
Board meetings should not be for the benefit of the board. They should be for the benefit of the CEO and the senior team.
I wasn't getting invited to any board meetings. I had to kick the door down.
I am honored to serve on the Board of Visitors for Georgetown University's School of Foreign Service. Being the first board member from Latin America, I hope to provide insight into the economical, social and political issues facing the region, and continue to grow and strengthen this prestigious institution.
Then, as she turned to walk away, Fred dropped the guillotine."So we're making Ev CEO," he said, his fork clenched in his hand. "You're going to get a passive chairman role and a silent board seat. We have some paperwork for you and a recommendation for a lawyer."Jack felt like he had just been hit in the face with a baseball bat. "Say that again," he stuttered to Fred, thinking he had heard incorrectly.Fred repeated himself almost verbatim: We're making Ev CEO. You're getting a passive chairman role. You will have a silent board seat. Here's the paperwork. Call a lawyer.
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