alt Hacker NewsIronically (and perversely) it's much easier to do this with exotic cap tables that keep voting rights and ownership effectively split. You needed a very valuable company to make this work and the most obvious example (Meta) is not exactly a beacon of corporate governance.
I don’t see how this is the case? The CEO can absolutely tell the board to shove it. The board can’t micromanage the CEO - they don’t have the levers to do that. So their options are few, and pretty much all nuclear along the lines of firing the CEO. Is the Apple board going to fire Tim Cook for making iPhones accessible? If they did, they’d find themselves fired by the shareholders.