Want to know the reason?
- Finance people are wealthy
- Finance people’s money works for them, instead of the other way around, so they aren’t constrained by 9-5 jobs
- Finance people are on other boards, and know other board members and politicians, and have reciprocal arrangements–official and otherwise–with them
- Between “having the free time” and the network effects of “all my friends are here”,
The same applies to Law, frankly.
It’s the same reason our political class is dominated by law and finance, and why labour of any kind if highly underrepresented: they’re the professions of the idle rich. If you work a day job–even medicine!–good luck taking the time off to do something like running for office or working on multiple boards.
This is how we end up needing patient ratio laws. “What do you mean our nurses are only taking care of eight patients each? How long does seeing a patient take, anyway? What do they even do all day?” -Someone who’s never done a real day of work in their lives*
*Or they once “worked” (but couldn’t be fired) for a year or two at their dad’s blue collar company, but weren’t dependent on the wage, so now they can say they “know what it’s like”.
I started my financial business out of a garage, anyone can do it!*
*their parents five car garage with millions in funding from family and connections and a massive amount of guidance
this has always been funny to me because like
WHAT FUCKING GARAGE I LIVE IN AN APARTMENT
Tech people are also wealthy – perhaps even the wealthiest. 3 of the top 5 richest Canadians come from tech. Yet the article notes that they are strangely absent from these boards.
It is likely that sitting on a board attracts finance people because the work is, in large part, closely related to finance so it is attractive to people who have that kind of interest. It likely does not attract tech people because they would be bored out of their minds.
Never put a bean counter in charge of any company whose primary business isn’t counting beans. They will eventually destroy the company through their obsession with maximizing the number of beans counted.
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