Twitter's all hands meeting to discuss the Elon Musk hostile takeover just wrapped up! Whaddya think they talked about, guise? (see too comment) - The Great Awakening - Where We Go Qne, We Go All!

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Twitter's all hands meeting to discuss the Elon Musk hostile takeover just wrapped up! Whaddya think they talked about, guise? (see too comment) (media.greatawakening.win) BREAKING NEWS

posted 2 years ago by catsfive 2 years ago by catsfive +431 / -0

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– Username_Not_Found 2 points 2 years ago +2 / -0

But what happens if the board breaks their fiduciary obligation? Are there some penalties? Suppose they refuse Musk bid and Musk drops all his shares, destroying Twitter, does the SEC prosecute the Twitter board or something?

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– ceegeegee 5 points 2 years ago +5 / -0

They can be personally sued. The board D&O can cover, but ultimately there is a cap - it is why board members are encouraged to buy personal umbrella coverage.

Good summary:

https://www.thehartford.com/management-liability-insurance/d-o-liability-insurance/explained

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