As usual the first resort of in self-defense is to exaggerate one's own risk or misfortune. The rich are probably no more self-indulgent than are others, but it's somehow more annoying when the truth is that they're, well...rich, and not victims.
Little Risk in Being a Corporate Director or Officer - NYTimes.com: "BY STEVEN M. DAVIDOFFThey are paid millions, but some complain that it’s no longer worth it.
These men and women argue that, as corporate directors and officers, they have too much chance of liability for a company’s operations. Because of this, they claim, the risks of serving as a director or officer have become too great, and it will become harder to recruit and retain competent directors and officers. But the truth is that they have about the same chance of being held liable for their poor management of a public firm as they have of being struck by lightning."
These men and women argue that, as corporate directors and officers, they have too much chance of liability for a company’s operations. Because of this, they claim, the risks of serving as a director or officer have become too great, and it will become harder to recruit and retain competent directors and officers. But the truth is that they have about the same chance of being held liable for their poor management of a public firm as they have of being struck by lightning."
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