Twitter’s general counsel warns big-mouthed employees to shut up about Elon Musk deal
(americanwirenews.com)
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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.