The boards of directors of American companies are quite interesting. They do not practice the collective decision-making typical of the East; as long as more than half of the members nod in agreement, a matter goes through. Furthermore, whoever votes in favor puts up the money, bearing the risks while enjoying the rewards, whereas the shareholders who disagree simply sit on the sidelines, sharing neither the risks nor the benefits.
Galvin's groundwork in the East had originally been going very well, but lacking the infusion of capital from the shareholders, the market had failed to develop in a timely manner, and the shortage of funds had become a major dilemma.
Galvin was confident in his mind; as long as the funding was in place, he could quickly make the Eastern market catch fire.
Chapter 341