Everyone’s all ooh wow ooh about St Thomas University’s CFO resigning her position at that way-Catholic school rather than leave the board of AR-15-mad Smith and Wesson. (She was given an ultimatum from the school.) Everyone’s like: Look! She chose assault weapons over a church school!
But read the fine print, kiddies. Smith and Wesson (they’ve given themselves some new all-natural name… who knows why? … it’s like… can’t remember but it’s like Gentle Valley Breezes…) pays people willing to be associated with it upwards of $100,000 a year — and you and I know what service on a corporate board entails: Two free trips to Hawaii to sit in a room for a half hour and get excited about how much shit (here, AR-15s) the corporation’s selling.
If you had to choose between actually working – as a chief financial officer – and sitting on your ass all year and still pulling in a hundred thou, what would you do? Plus you get all the free AR-15s you want.
March 15th, 2018 at 12:45PM
I teach at a tech college and one of the courses I teach is small business and the law. I teach about business forms, contracts, hiring, firing, that sort of thing. When I get to corporations I teach about the board of directors, I joke with them that if they form a corporation and hit the big time and they are looking for a director who will vote with management and are paying $100,000 I am their guy.