GM, Its Shareholders, and Slower Rusting
As we all know, the US government is now GM's largest shareholder. As someone who has served on the boards of several companies, this gives me great pause. It's unlikely that GM is going to choose me to be on it's board, but if they did, I'm not sure I'd understand what I was meant to do. When you serve on the board of a for-profit company, your fiduciary duty is clear: increase shareholder value. Boards work for the shareholders and shareholders invest in companies to make money. Sure, the law imposes other duties on boards
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Speedpitch Lunch
If you're a Utah entrepreneur, or are willing to fly, Paul Allen and FundingUtah.com are hosting a speedpitching lunch on Nov 8. Here's how it works: Ten of Utah's top entrepreneurs will give five-minute pitches to several groups of 3-5 accredited angel investors rotating in a fast-paced, musical chairs style. After the end of the event, entrepreneurs will be available for question and answer sessions on an individual basis. SpeedPitching will enable promising entrepreneurs to present their ideas to a large number of angel investors in an intimate setting. In addition, angel investors will learn about Utah's most promising
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