The BOD has no clue as to 95% of what Greg Rotman does. They are hands off, and at risk because they are not acting on their fiduciary responsibilities for the company. They have sat back and let Papa Steve hand over the keys to Greg Rotman and let him do all the driving. Papa Steve trusts Greg, either because father taught son so he is comfortable with it, or Greg lies to his dad like he lies to shareholders. Either way it doesn't really matter. Same result.
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