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Elon Musk takes over Twitter

Discussion in 'Sports and News' started by Alma, Apr 25, 2022.

Page 139 of 274
  1. Octave

    Octave Well-Known Member

    banish Twitter? It hasn't even been expelled from these threads.
     
    Octave, Dec 20, 2022
    #1657
    FileNotFound and cyclingwriter2 like this.
  2. Regan MacNeil

    Regan MacNeil Well-Known Member

    Why can't I like that 47 times?
     
    Regan MacNeil, Dec 20, 2022
    #1658
    BitterYoungMatador2 likes this.
  3. Big Circus

    Big Circus Well-Known Member

    Tesla investors don’t appear to be too happy. Surely they’ll be reassured to know that Elon is taking advice from leading intellectuals like Ian Miles Cheong and Catturd.

     
    Big Circus, Dec 20, 2022
    #1659
    garrow likes this.
  4. Regan MacNeil

    Regan MacNeil Well-Known Member

    Doesn't he control the BOD? I thought I read somewhere he stacked it with his people.
     
    Regan MacNeil, Dec 20, 2022
    #1660
  5. Big Circus

    Big Circus Well-Known Member

    In addition to the stock price issues, Elon might have Jussied himself.

     
    Big Circus, Dec 20, 2022
    #1661
  6. HanSenSE

    HanSenSE Well-Known Member

    How do we explain every woman is a 6? Or how close Lake Tahoe is?
     
    HanSenSE, Dec 20, 2022
    #1662
    garrow, maumann and Baron Scicluna like this.
  7. Azrael

    Azrael Well-Known Member

     
    Azrael, Dec 21, 2022
    #1663
    garrow likes this.
  8. Michael_ Gee

    Michael_ Gee Well-Known Member

    A CEO can and many do stack the board with cronies or yespeople. But those cronies and yespeople assume legal responsibilities and liabilities when they become directors of a public company, and those can and sometimes do override their sycophantic impulses.
     
    Michael_ Gee, Dec 21, 2022
    #1664
  9. The Big Ragu

    The Big Ragu Moderator Staff Member

    A CEO can't stack a BOD. A CEO is employed by the board.

    A majority shareholder (i.e. -- owner of the company), on the other hand, has a lot of control over a BOD. The BOD answers to the owners of the company; if you own a lot of the company you are going to be able to hand pick a number of directors commensurate with your ownership. Musk owned something like 25 to 30 percent of the company, at least before his recent sales, with the next largest shareholders tiny in comparison. Which is why he was able to stack the board with his brother and friends and cronies. Nobody really raised too many objections, because the stock price has levitated in the era of cheap money.

    Now? His ownership of the company is lessoning with each sale of stock, and the stock has taken a major hit in a rising interest rate environment. So a lot of institutional owners suddenly care about his antics (which aren't all that new, even if the Twitter thing is new).
     
    The Big Ragu, Dec 21, 2022
    #1665
  10. Regan MacNeil

    Regan MacNeil Well-Known Member

    Then I guess I didn’t read that somewhere.
     
    Regan MacNeil, Dec 21, 2022
    #1666
  11. Regan MacNeil

    Regan MacNeil Well-Known Member

    Never insult Elon or Twitter Blue on Twitter. I was called a pedophile way more times than I expected.
     
    Regan MacNeil, Dec 21, 2022
    #1667
    Webster likes this.
  12. Azrael

    Azrael Well-Known Member

    Azrael, Dec 22, 2022
    #1668
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