Ann: Coburn Project Update, page-43

Such a spoken truth @2ic the only people that can hold the CEO accountable is the board - and the only people that can hold the board accountable are the shareholders (and for the cynics reading yes i know there are the legislators / regulators etc....). Where this falls down is most shares held on any given registry are instos (yes there are rare exceptions) so when the AGM presents for voting we retail investors tend to have zero chance in making / demanding change. The 'lukes' of the world walk away with the golden hand shake, substantial shareholdings that were gifted as part of performance rights and zero remorse. Put simply their 'at risk' tends to be zero as very few CEO's buy on market which if we were to be brutally honest should not give us (the mum and dad) any confidence at all as through their inaction to put their own money on the line they themselves question the viability of the very business they lead.

You need to be borderline narcissistic to be a CEO as there is little to no empathy or ownership (accountability) for their decisions / leadership and the impact on everyone else.