Did I say they decide company direction or strategy? (That's rhetorical, of course I didn't. You make up a statement just to argue with it).And then you went dumber. The board doesn't decide the direction the company goes. They don't know shit about the company. They have their OWN companies to run. They get a cushy seat on a board and then they give their fellow CEO's cushy seats in an incestuous relationship to pad everybody's pockets...except shareholders.
Hans Vestburg is the Chairman and CEO of Verizon He also serves on the board of investment firm BlackRock. Interestingly, BlackRock is the second biggest shareholder in Verizon and thus has a decisive say in who heads Verizon. So Vestberg gets to use BlackRock's $7.8 billion worth of shares in Verizon - other peoples' money - to vote himself into his $20 million a year position at Verizon. And if you think that's rare...there's no helping you.