I keep seeing people post that if the Twitter Board rejects Elon's offer, that they will have to resign for violating their fiduciary responsibility to the company.
Who exactly is going to force them to do that?
It's about ideology and control, not profits for these people. Without a legal mechanism that would FORCE them out, I see no reason why they would leave of their own accord. In their mind they ARE doing their duty and protecting Twitter's future.
Class action lawsuits are very effective
Peter Strokz wife is head of SEC enforcement last I checked.
Twitter can do anything it wants. Lawsuits? They would stretch it out for a decade.
They don’t have to follow rules.
This will get ugly, before it gets beautiful.
The SEC is a nutless monkey. They have almost zero power to handle anything other than weak ass fines. The DOJ (while also likely still compromised) is the heavy hitter for the bad shit.