Ann Lipton on Nostr: Let me put it in concrete terms. Under current law, given stock exchange listing ...
Let me put it in concrete terms. Under current law, given stock exchange listing rules, Elon Musk can only get his 25% voting control over Tesla if he's given 25% of the equity. If these laws go into place, the board can "contract" with him to give him control over decisions regardless of whether shareholders vote him and other board members out.
Published at
2024-05-24 14:03:24Event JSON
{
"id": "9ed9b11cb753162389c9ccb810de25a919a17ddbab402c19e008f74ef31eb377",
"pubkey": "9e9df3483381f796e971c4ede9cfa4c409c0bf8ea9e675bc955ef6ce73549a39",
"created_at": 1716559404,
"kind": 1,
"tags": [
[
"e",
"ed99a7c562f181f48fcbcc576667000a75cb91e6b8c92e87147e1815a765a5ca",
"wss://relay.mostr.pub",
"reply"
],
[
"proxy",
"https://esq.social/users/annmlipton/statuses/112496437123351070",
"activitypub"
]
],
"content": "Let me put it in concrete terms. Under current law, given stock exchange listing rules, Elon Musk can only get his 25% voting control over Tesla if he's given 25% of the equity. If these laws go into place, the board can \"contract\" with him to give him control over decisions regardless of whether shareholders vote him and other board members out.",
"sig": "fc694ac94afeb16397ffb0e1326db88cf912a38e9ccd79acc4176e59d43ea7c24cf4ae41e4da7dd9d3921b67f8e79bd22abf1651cc39c792e7eb45e03b425d1b"
}