Originally published at: Elon Musk won't be joining Twitter's board after all | Boing Boing
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“Declined” … “decided”. As if Musk was the only actor in this drama. Twitter executives and employees (and probably some other board members) weren’t all thrilled that this showboating Great Man tried to buy himself a board seat.
I guess it would be mildly embarrassing for Twitter if their new board member was prosecuted by the SEC (again) for possibly breaking rules about disclosure during his stock buying spree.
Wait, what am I saying? Neither party in this particular story can be embarrassed. By anything.
So they believed it was for the best for him to join the board, but also believe it is for the best that he didn’t, cool, got it.
Imagine if reading these heavily-regulated corporate pronouncements was your job. If someone asked for your lunch order you’d be all “I value nutrition and anticipate a mutually satisfying relationship with food and beverages moving forward”.
We have to acknowledge the real possibility that Elon and the Board are delaying so he can be appointed to the board on 4/20.
I want to see a copy of that background investigation. Given what they already knew because it was already public - they must have turned up some doozies.
honestly, this is the best decision for twitter, so props to him.
Disappointed. I was looking forward to seeing how Twitter fared with a 12 year old boy on their board.
Matt Levine, in his Money Stuff column for Bloomberg:
Look this all makes complete sense, obvious, intuitive, simple sense. If you are the richest person in the world, and annoying, and you constantly play a computer game, and you get a lot of enjoyment and a sense of identity from that game and are maybe a little addicted, then at some point you might have some suggestions for improvements in the game. So you might leave comments and email the company that makes the game saying “hey you should try my ideas.” And the company might ignore you (or respond politely but not move fast enough for your liking). It might occur to you: “Look, I am the richest person in the world; how much could this game company possibly cost? I should just buy it and change the game however I want.” Even if your complaints are quite minor, why shouldn’t you get to play exactly the game you want? Even if you have no complaints, why not own the game you love, just to make sure it continues to be exactly what you want? The game is Twitter, the richest person in the world is Elon Musk.
So is this manipulating stock?
Gotta love how the rich and powerful can play games with other people’s lives of employees at a firm and those that depend on the service/product to exist to maintain their own subsistence (many folks make money through social media accounts connecting them to customers).
LOLs. If true, he bought a boat anchor.
I suspect that between those two ‘bests’ Musk realised he’d have a fiduciary duty and given his ‘relationship’ with the SEC probably decided to not go there. Again.
He really does not get this ‘board member’ and ‘duty to shareholders best interests’ stuff, does he.
Twat!
Ole’ Mushy up to his old tricks.
I’ve seen some of his idiot tweets. He’s already on 420.
Yep. I’d wager in a few weeks we’ll learn he sold much of his stock or is selling it, and then there will be a crash ,and we’ll learn he shorted the crash post selling.
That does play with what we know. I believe you have seen the future.
Also, go buy a lottery ticket.