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Sometimes powerful and accomplished people do really, really stupid things. Things so stupid, you have no choice but to bury your face deep in your palm and hope it's all a dream. These are facepalm moments, and for years, some of...
When news broke of the Tim Hortons/Burger King merger, many investors cheered. But my immediate thought was somewhat lackluster. I didn't see the non-financial synergy. Instead, I saw huge potential issues for Tim Hortons (soon to be minority) shareholders.
Dov Charney and Chip Wilson are the latest founders to be ousted by their own companies. But they're not alone. Here's a look at some other famous founders who were kicked to the curb.
Lululemon and American Apparel serve as a painful reminder to boards that the corporate experience and influence of a founder can be a dual-edged sword if not handled properly.
The title of this article might lead one to conclude that this piece is about public companies. While that is true to a large extent, activist shareholders & corporate governance is a topic that applies surprisingly well to private companies where the company stock is held by multiple shareholders.