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Chapter 5. Caffeine Badly Needed: Sleepy, Inept, and Tainted Boards

Chapter 5. Caffeine Badly Needed: Sleepy, Inept, and Tainted Boards

“The board of directors didn’t just fiddle while Enron burned, some of them toasted marshmallows over the flames.”

—Senator Joseph Lieberman when he was chairman of the main Senate Governmental Affairs Committee, May 7, 2002

Distinguishing between a good and a bad board is a vital investing skill, though perhaps it is more art than science.


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