Corporate

Where the Buck Stops: an Introduction to the Board of Directors

When I was growing up, one of my father’s favorite expressions, intended to teach me accountability, was “the buck stops here”.  I think I heard about President Truman and his blasted sign at least a trillion times. In a company, the buck stops not with the CEO, but with the Board of Directors.  The Board …

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Some Useful Definitions–Stakeholders, Inside Directors and Outside (External) Directors

I’m working on a post on the Board of Directors and thought to set the stage with some useful vocabulary. Stakeholders As it relates to a company, a stakeholder is someone who has a stake, that is, an interest or a concern, in a company.  Examples of common stakeholders include: investors, who put money in …

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Are These Valuable or What? How Options Work.

Every so often, my company grants options to employees.  And, also, every so often, an employee with options leaves and has to decide whether or not to pay the exercise price and exercise their options.  In both of those instances, I find myself explaining “how do options work”. The first time, it’s generally because the …

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