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Where do directors go when their company goes bankrupt?
9 is the number this week! Nine is the number of directors on the board of Six Flags when it went bankrupt in 2009. If you ever wondered what happens to a few chums take over a board for a company with a business they know nothing about and it fails, don't worry - they fail up. How Dan Snyder, Mark Shapiro, Dwight Shar, and even Harvey Weinstein are a cautionary tale of groupthink and chummy boards!
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By Free Float Media9 is the number this week! Nine is the number of directors on the board of Six Flags when it went bankrupt in 2009. If you ever wondered what happens to a few chums take over a board for a company with a business they know nothing about and it fails, don't worry - they fail up. How Dan Snyder, Mark Shapiro, Dwight Shar, and even Harvey Weinstein are a cautionary tale of groupthink and chummy boards!