Why I Love My Board, Part II I’ve written a few things about my Board of Directors over the years, some of which I note below. Part I of this series isn’t particularly useful, though there’s an entertaining link in it to a video of Fred that’s worth looking at if you know or follow him. Today, we are happy to announce that we are adding a new independent director, Scott Petry, the founder of Postini and now a senior email product leader at Google (read the official press release [here]). Scott’s a fantastic addition to our already strong Board, and the process of recruiting and adding him has made me reflect a bit on my Board and its strengths…
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Board
Style, or Substance?
Style, or Substance? I had an interesting conversation the other day with a friend who sits on a couple of Boards, as do I (besides Return Path’s). We ended up in a conversation about some challenges one of his Boards is having with their CEO, and the question to some extent boiled down to this: a Board is responsible for hiring/firing the CEO and for being the guardians of shareholder value, but what does a Board do when it doesn’t like the CEO’s style? There are lots of different kinds of CEOs and corporate cultures. Some are command-and-control, others are more open, flat, and transparent. I like to think I and Return Path are the latter, and of course my…
Who’s The Boss?
That’s not just the title of a mediocre 1980’s sitcom starring Tony Danza, it’s a question I get periodically, including last week in an interview. A writer I know is working on an article on entrepreneurship and asked me, “Before you started your own business, how did you like working for other people?” The question made me think a little bit. I know what she was asking — how I liked being the boss instead of working for one — but the way she phrased it is interesting and revealing about what it’s like to be a CEO. One of the biggest differences between being in a company and starting or running one is that you’re not working for a…