Airlines, hotel chains—you name it, they all folded when the lockdowns were imposed. They closed up shop, they took a knee, they opted for bailouts. Why?

The CEOs of these corporations are supposed to be hard chargers and ruthless operators. Why didn't they rebel?

I could cite several reasons. Here I want to focus on a little-known and staggering story.

It starts with an analogy. Imagine an employee of a company who is motivated to speak out against the lockdowns and go public. Then he thinks about the owner of the company. That owner happens to sit on the board of a large hospital.