why do you believe this is true?

The idea of a board of directors is one that actually has to be defended on first principles.

What is the actual value add of a “board of directors” except to basically be weak willed PMC/non founder-type people with a lot to lose reputationally and financially who can be cowed and/or blackmailed very easily.

The typical person on the board of a public company would fold to pressure as soon as they saw a NY Times reporter called their phone.

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hgomersall an hour ago | parent [-]

I'm not sure if you're being facetious. The board of directors role is to look after the shareholders' interests. A good board is exactly that - the representatives of the shareholders.

	▲	monideas an hour ago \| parent [-]
		And in this case they fired a CEO who created more shareholder value than almost any person in human history and they didn’t fire him for declining performance. So this just proves my point.