GM buying Chevron is entirely the wrong analogy to compare with Tesla buying SolarCity.
CEO Stumpf’s testified to Congress that he didn’t know the details of what was happening at the lower levels of his bank.
According to the National Association of Corporate Directors (NACD) a sitting director should do a minimum of 200 hours of work on a board every year.
Traders make decisions on the smallest bit of information. Often information that is nothing more than an unproven thought.
In 2005, Jim Donald replaced Mr. Smith. By 2007 (in just teo years) he added a staggering additional 4,000 stores. He expanded the menu.
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