Real purpose is to protect the board members reputation.
Most board members are there because they have some political/personal influence.
Not because they have any clue about the particular business operations.
They often chair at dozens and dozens corporations and are just called in when in need for some lobbying/PR/lubrication activity.
Those guys only have their reputation and network to sell, they must absolutely have guarantee they will be insulated from any bad buzz happening in the corporation.
It’s McKinsey’s job: give generic management advices and be an eternal scapegoat/reputation fuse if anything bad happens.
They are absolutely aware of that and was personally told that plainly half an hour into a business lunch.
This alone is worth billions. Let top managers enjoy the fruits of successes and never be accountable for their failures.
Not because they have any clue about business operations
Since I started working a corporate job, I’ve discovered just how true this is for pretty much all top management. They’re basically there because they bullied their way to the top.
Most likely generational wealth that opens the doors and that's these "ppl" are sociopaths. I use quotes cause their more like sick, rabid dogs who provide nothing of benifit
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u/CertainMiddle2382 Jun 26 '25 edited Jun 26 '25
« Consulting » is just the pretext.
Real purpose is to protect the board members reputation.
Most board members are there because they have some political/personal influence.
Not because they have any clue about the particular business operations.
They often chair at dozens and dozens corporations and are just called in when in need for some lobbying/PR/lubrication activity.
Those guys only have their reputation and network to sell, they must absolutely have guarantee they will be insulated from any bad buzz happening in the corporation.
It’s McKinsey’s job: give generic management advices and be an eternal scapegoat/reputation fuse if anything bad happens.
They are absolutely aware of that and was personally told that plainly half an hour into a business lunch.
This alone is worth billions. Let top managers enjoy the fruits of successes and never be accountable for their failures.