On: Powerful Thoughts From Paul Graham

[legutierr]

Well, sometimes it's because your friends are on the board of directors, and they are doing you a favor (with someone else's money) in the hopes that you will return the favor to them when the time comes.

[patrickk → legutierr]

Or sometimes the CEO stacks the board with his buddies, so he almost certainly won't be fired and any votes on pay increases will sail through.