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No, it will be based on the shareholder vote.So the manchild is basing business decisions off of a twitter vote? That alone should be enough for a shareholder revolt
Yes, I know, but even basing the decision to put it to a shareholder vote on a twitter poll is questionable, to put it nicely.No, it will be based on the shareholder vote.
I think you are taking that tweet too seriously. But hey bashing Elon is in vogue so ....Yes, I know, but even basing the decision to put it to a shareholder vote on a twitter poll is questionable, to put it nicely.
This link for me at least gave free access to the whole article:
Really piling on the scrutiny of the “independent directors” and alleged lack of proper board performance.
- Details incidents where board members were doing illegal drugs with Musk.
- fleshes out more personal and business relationships between the independent directors and Musk.
- Also Larry Ellison and others suggested to Musk that he go into rehab in 2022 after his drug use got worse (timing seems to coincide with his “change” in twitter posting behavior).
- Also introduces the fact that Tesla May be in breach of NASDAQ listing requirements due to lack in the number of independent directors. If they were to receive a breach notice from NASDAQ, Tesla would still have 12 months to rectify the situation before potential delisting.
- identifies two board members who left for dissatisfaction from unsatisfactory board oversight, and their attempts to rectify were rebuffed.
Oh, no. It was something he only decided to do after long consideration and introspection in consultation with expert advisors…I’m sure it didn’t have anything to do with him always losing in Delaware courts…
Just calling out his behavior. If calling out questionable behavior is in vogue then so be it.I think you are taking that tweet too seriously. But hey bashing Elon is in vogue so ....
Yes. From what I’ve read the laws in Delaware are more streamlined, allowing for cases to be heard from an administrative law judge and resolved quickly rather than go through a jury trial. It also has more business friendly tax laws.I'm curious to know if anybody has any actual knowledge about how being incorporated in Texas is different from Delaware. The sum of what I've read is that Delaware has a business focused court where Texas and most of the rest of the country does not.
Exactly - Texas (or any other state) would likely be no better and may well be worse.Probably because delaware is blue state and texas red....
Who knows, but I am sure decisions which are not in shareholder's interest would be taken to court anywhere
Yes, that matches what I’ve read elsewhere as well. Essentially there was enough evidence that the board was not doing its duties and acting in shareholder interest for the judge to rule as she did.Thekiwi said:
This link for me at least gave free access to the whole article:
https://www.wsj.com/tech/elon-musk-tesla-money-drugs-board-61af9ac4
Really piling on the scrutiny of the “independent directors” and alleged lack of proper board performance.
- Details incidents where board members were doing illegal drugs with Musk.
- fleshes out more personal and business relationships between the independent directors and Musk.
- Also Larry Ellison and others suggested to Musk that he go into rehab in 2022 after his drug use got worse (timing seems to coincide with his “change” in twitter posting behavior).
- Also introduces the fact that Tesla May be in breach of NASDAQ listing requirements due to lack in the number of independent directors. If they were to receive a breach notice from NASDAQ, Tesla would still have 12 months to rectify the situation before potential delisting.
- identifies two board members who left for dissatisfaction from unsatisfactory board oversight, and their attempts to rectify were rebuffed.
Was known...The reason why Delaware is the preferred choice for a vast majority of corporations is that Delaware is known to be fair and impartial.
That is absolutely mental, if something like that is awarded, expect a million attorneys to look at been able to sue Tesla for anything.Larry Goldberg, a frequent guest of Herbert Ong, and I think Farzad too, said the attorney representing 9-share, could get as much as 5 Billion. That's BILLION with a B.
Also, if you don't think Judge McCormick will lean to the high side of what is legally possible, you're not paying attention.
Larry Goldberg, a frequent guest of Herbert Ong, and I think Farzad too, said the attorney representing 9-share, could get as much as 5 Billion. That's BILLION with a B.
Also, if you don't think Judge McCormick will lean to the high side of what is legally possible, you're not paying attention.