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Posted on 4/1/21 at 8:24 am to jbgleason
Just a PR move. I doubt Brees is telling them how to change their loan and investment portfolios
Posted on 4/1/21 at 8:26 am to jbgleason
quote:
a Board of Directors is made up of people with business expertise in the company's sector who are relied upon to guide the business strategically and help it grow.
in a perfect world yes, but in reality thats not always the case, and probably irl there is typically one or two board members that know their business but they are also likely officers for the bank/company. this is a publicity thing and a way to keep Brees and some of his money guaranteed at their bank.
This post was edited on 4/1/21 at 8:28 am
Posted on 4/1/21 at 8:39 am to jbgleason
Well, he's made over 200M. He puts his own money into the bank which makes it possible to lend out more. Bank profits, pays him board pay, and probably stock options.
All for doing NOTHING.
All for doing NOTHING.
Posted on 4/1/21 at 8:52 am to kywildcatfanone
quote:
See shaq.
Bad example. Shaq is a smart businessman.
Posted on 4/1/21 at 8:57 am to jbgleason
quote:
Board of Directors is made up of people with business expertise
Or has the most money invested in said business
Posted on 4/1/21 at 9:00 am to fallguy_1978
quote:
Just a PR move. I doubt Brees is telling them how to change their loan and investment portfolios
all he is is a name, a face and a vote on who gets a loan and who doesnt.
Posted on 4/1/21 at 9:04 am to Ric Flair
Yes. They went public last year
Posted on 4/1/21 at 9:13 am to kywildcatfanone
quote:
That happens all the time in corporate America. Marketing. See shaq.
This isn't at all like Shaq. Shaq is actually a good businessman....he invests his time with the companies he invests in and has annual meetings with the top brass of each every year.
Posted on 4/1/21 at 9:17 am to jbgleason
Yea, this bank's Board of Directors are pretty arrogant or pretty desperate if they think that bringing on a dude who got a tad cleaned in precious stones scam is a solid idea. Sounds like this place has the same issues as most banks, board members need to retire or refresh the group.
Posted on 4/1/21 at 9:25 am to jbgleason
quote:
a Board of Directors is made up of people with business expertise in the company's sector who are relied upon to guide the business strategically and help it grow. Brees is notorious for his bad business and investment decisions. If I was a shareholder of that bank, I would have questions.
how do you feel about sons of politicians kicked out of the military for cocaine use on energy boards?
Posted on 4/1/21 at 9:26 am to TigerGman
quote:
He'll bring the Board to its knees...
Upvoted the frick out of you.
Posted on 4/1/21 at 9:28 am to jbgleason
Brees is a fricking moron. He's a dumb jock who is careless with his money.
He was a great football player though!
He was a great football player though!
Posted on 4/1/21 at 9:30 am to tigerpimpbot
quote:
They threw in free safe deposit boxes for all his custom jewelry. No brainer.
Last I checked the jewelry wasn’t worth much so more like threw in one small box?
Posted on 4/1/21 at 9:38 am to CatfishJohn
He owns a shite ton of successful franchises and has a net worth of $160,000,000.
Hardly a fricking moron. More like business savy.
Hardly a fricking moron. More like business savy.
Posted on 4/1/21 at 9:38 am to jbgleason
quote:
a Board of Directors is made up of people with business expertise in the company's sector who are relied upon to guide the business strategically and help it grow.
Wait, what gif
Posted on 4/1/21 at 9:39 am to jbgleason
That bank is a shite show anyway
Posted on 4/1/21 at 9:44 am to fallguy_1978
quote:
Just a PR move. I doubt Brees is telling them how to change their loan and investment portfolios
Yep. Archie Manning was on Iberia Bank’s BOD and Jake Delhomme was/ is on Midsouth Bank’s BOD
Same idea. All PR
Posted on 4/1/21 at 9:47 am to jbgleason
Thought the same thing when I saw the Business Report articles. I was like, "wtf does Drew Brees know about running a bank....." Like someone else said, it's just marketing.
Posted on 4/1/21 at 9:47 am to jbgleason
Scary to think that some of us here are Directors of Financial Institutions....
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