re: #384 oaktree

Because their (remaining) upper echelon is convinced what they are doing is right. Plus, once a decision like that is made, boards and CEOs are very hesitant to reverse themselves (barring the equivalent of a coup on the board).

My volunteer board training included a mantra that once a board made a decision (however divisive it was discussed within the board) the entire board was expected to support the decision vocally, or at least keep silent about not agreeing with it. A sort of Vegas rule in how what happened at the board meeting stayed in the board meeting. This does have an effect to stifle high-level public dissent and make a reversal unlikely, especially if the board only meets 1-2 times a year. And the CEO/ED is expected to enact the policies set by the board.

It’s not even that their supporting the choice. It’s that they’re doing a terrible job of attempting to support it. Inconsistent, vague, and entirely unconvincing.