0 sats \ 0 replies \ @nout 11 Apr 2022 \ on: Elon not joining Twitter board after all - thoughts on why? bitcoin
When you cut through the corp speak in that message following stands out
- board thinks Elon is a risk going forward ("we were ... clear about the risks")
- board thinks Elon won't act in best interest of shareholders ("we also believed" in past tense)
- Elon went through background check and formal acceptance - that didn't work out. One of those two things failed.
- Twitter CEO is really unhappy about Elon ("I believe this is for the best")
- Quite possibly the CEO is worried about hostile takeover and being fired (similarly to the hostile takeover of Instacart, where Apoorva Mehta was essentially fired by the board)
It's worth checking out who's on the board now: https://investor.twitterinc.com/corporate-governance/board-of-directors/default.aspx