Board members are almost universally in the latter part of their careers, they are often pals of the CEO, who is looking at annual compensation-tied goals more than anything and more than anything is smoothing things quarter to quarter.
Sure, there’s an occasional debt and investment issue that is justified over decades, but that is not the actual mindset of such folks. And in the tech world? Then three years is a long-term plan.
Agreed that we have some serious challenges via a vie the ‘owner-agent-manager’ conundrum.