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But pharmaceutical executives did not have much interest in the tiny pediatric market.
Freed from the fear of a takeover, bank executives did not have to chase profits as aggressively as their brethren in America or Britain.
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Executives didn't have to worry about quarterly earnings and had the freedom to invest in long-term research and development.
Airline executives didn't have to think much about fending off competition, and employees were able to carve out a nice life for themselves.
Zupan asserts that the problem is that these executives didn't have stock-based "skin in the game" so their interests just weren't aligned with shareholders.
But all television executives do not have the leeway that he and his cable colleagues have.
Racing executives do not have to be told that a lack of consumer confidence can be a major problem.
But if they do, then investors will rightly conclude their chief executives do not have a tight grip on the business.
But G.M. executives do not have the luxury of time to rebuild consumer confidence or reverse the company's steadily shrinking market share.
One of the reasons that World Rugby often seems unable to act decisively is that it is made up of the unions it rules over: its executives do not have executive powers, something that needs to change.
"What is unusual today is that individuals much lower in the organization are asking for them to protect their income," said Romayne Berry, principal and chief operating officer of Tower Consultants, an executive search firm in Stuart, Fla. Below the top tier, though, executives do not have the leverage they had a few years ago, when jobs were plentiful.
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Justyna Jupowicz-Kozak
CEO of Professional Science Editing for Scientists @ prosciediting.com