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**inve.tment** · 07-13-2012, 05:03 PM

This. It is not rare for someone listed as a President/CEO of a company who has no real active role in running anymore and just signs off on things. For smaller companies this can be the case when the original owner transfers day to day operations of the company to their son or daughter and is listed as President and/or CEO, but their son or daughter actually does everything.

If I'm understanding it correctly, he said that he gave up all power in the company in 1999. It seems that instead he still retained 100% of the shareholding, was chairman of the company and attended board meetings of various Bain owned companies, and was receiving a large salary. Do those two things really go together?

07-13-2012, 05:03 PM	#13
inve.tment Join Date Oct 2005 Posts 475 Senior Member	This. It is not rare for someone listed as a President/CEO of a company who has no real active role in running anymore and just signs off on things. For smaller companies this can be the case when the original owner transfers day to day operations of the company to their son or daughter and is listed as President and/or CEO, but their son or daughter actually does everything. If I'm understanding it correctly, he said that he gave up all power in the company in 1999. It seems that instead he still retained 100% of the shareholding, was chairman of the company and attended board meetings of various Bain owned companies, and was receiving a large salary. Do those two things really go together?
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