“The problem is that the governance structures in these companies are adolescent at best, ill-equipped to handle their rapid rate of revenue growth, their evolving business models, and their swiftly changing capital structures. I fear these factors will coalesce to make an eventual market downturn even more painful than it would be otherwise.”

[COMMENTARY] Years ago, it was popular to think of ‘The Peter Principle’. It was proposed that people rise in the corporate hierarchy to the point of becoming incompetent! So it could be the case for many members of corporate boards today, according to this article. Given the recent stock market volatility, should it continue, it will be fascinating to see how well many tech company boards handle it.
Stocks Are Booming. What About Corporate Governance? By Mike O’Sullivan, June 6, 2026, Barron’s, USA.