Dumb questions: Are there bans on sitting on multiple boards of directors or...?

[yurbud]

Or execs from one corporation sitting on boards of another? This kind of incestuous behavior seems to be one of the roots of the plundering of formerly productive (in the literal not speculative sense) corporations. Are there any limits on this?

A related point is what limits there are on pols sitting on boards after they leave office. That seems like an even more insidious form of corruption that campaign contributions and junkets.

[readmoreoften]

1. Bans? Good lord no.

That's how it works.

[Arctic Dave]

2. Go to any major corp and look at the CEO bio

and it will tell you what boards they sit on. Usually they will be on a couple. As for pols sitting on them, it is a little known way of scamming the system. Sit on a "non-profit" and collect a wage. I found this out from a guy I used to work with. He was the son of the Alaska State House Speaker, who just happened to be convvicted for taking bribes. Another way they do it is by having a consulting company and "writing papers" for coprorations.

[stillcool]

3. This is a very cool site..

if you want to find out what boards someone sits on. I don't know how current some of the information is, but it is a good start when researching a certain someone. Take a look at Sam Nunn http://www.nndb.com/people/459/000031366/

[yurbud]

6. Sam Nunn: Chevron, Texaco, GE, Coca Cola....I don't think I want this sack of shit as VP

[yurbud]

7. and former chair of DLC (Democratic Lackeys of Corporations)

[yurbud]

8. and his law firm works for oil companies.

[stillcool]

10. Chevron, GE and Texaco..

sounds like incest doesn't it?

[Blue_Tires]

11. yeah, at the very top, supposed rival corporations are all buddy-buddy

and have all these gentlemen's agreements because they realize they are all after the same thing -- complete market control...

years ago, another DUer said major coporations practice socialism much better than any of us worker bees ever did...

[yurbud]

12. Chevron and Texaco merged. Nunn was on each separate board and the joint one

[TexasObserver]

4. There are "conflict of interest" policies for board directors, but they're loosely followed.

A person can sit on as many boards as will have him or her, however.

[yurbud]

5. and it doesn't sound like they do much oversight since Bush sat on one in his younger days

if they had any real duties, they wouldn't have taken him.

[alfredo]

9. Al Gore is on several, including Apple and Google.

[yurbud]

13. not listed on that NNBD. Just says he's a consultant to Google

[alfredo]

15. OK. I thought he was on the board.

[MilesColtrane]

14. Go here:

http://www.theyrule.net

Then go to 'Load Maps'.
You'll see several maps of interlocking directorates that users have made.

[yurbud]

16. cool, thanks!