In practice, board bylaws and common sense mean that individuals recuse themselves as needed and don't do stupid shit.
Were you watching a different show than the rest of us?
I think people forget sometimes that comments come with a context. If we are having a conversation about Deep Water Horizon someone will chime in about how safe deep sea oil exploration is and how many failsafes blah blah blah.
“Do you know where you are right now?”
I mean, this is definitely one of my pet peeves, but the wider context of this conversation is specifically a board doing stupid shit, so that's a very relevant counterexample to the thing being stated. Board members in general often do stupid/short-sighted shit (especially in tech), and I don't know of any examples of corporate board members recusing themselves.