Twitter’s general counsel warns big-mouthed employees to shut up about Elon Musk deal
(americanwirenews.com)
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No choice. Investors would have sued them for breach of fiduciary duty if they didn't accept. He's toying with then, forcing them to self destruct.
Oh. I get it. Simply by Musk publicly making the offer, they had no choice at that point but to act in the interest of investors. Now it seems even more contrived.
It's forced them to admit the inner core of twitter, like vinjaya and whatever intelligence agencies she works for, will place their ideology before investors and the companies interests every time. Like Disney and the light-year movie. They're doubling down on grooming kids.
My point was why initiate the deal in the first place, knowing it was a fraudulent cesspool.
Because they had no choice. It is the regulation from the SEC that you act in the shareholders interest. Unless you can prove that Musk never had the offer money, they had to deal make with him. The alternative was personal liability for any shareholder that sued the directors for not making the money the deal would have given the shareholders.