This. Vanguard, blackrock and the other index funds control the vote for their investors money. This is how they control all the corporate voting. They don’t care about Twitter they care about information control.
As long as the old money funds own 51% and don’t sell, there is no way Elon is going to be allowed to buy Twitter.
Fiduciary duties are not made obsolete just because a potential acquirer has a large ownership percentage, or that the board does not. Frankly, it is actually pretty uncommon for directors themselves to have large equity holdings. Typically, the directors are appointed by shareholders that have large equity holdings, knowing that the respective shareholder can vote them out if the director starts acting against their interest.
FUIDUCIARY = MAKE MY FCUKN SOME MONEY, HONEY. FUCK YOUR POLITICS. ... AND APPARENTLY, THE RICHEST PERSON IN THE WORLD, WHO HAS TAKEN MULTIPLE COMPANIES TO THE PINNACLE OF THEIR RESPECTIVE INDUSTRIES, WANTS TO BUY THE COMPANY.
YAH... LET THE FUCK BUY THE COMPANY.
and stop listening to Patrick. y'all shoulda done something when he started showing up the board meeting in full chainmail. fuckn larper.
these assholes know they are all bark.
FIDUCIARY.
by law, they must represent their client (shareholders) in the best interest of them.
like the electoral college, a board member gets X votes based on their % ownership.
elon thumps his giant dick/balls on the conference table, w/ 14.9% ownership...
SHOULD have clout. SHOULD.
apparently, a caveat of board membership, is one person cannot own more than 14.9% of shares.
these fucks are scared. they evidently dont own shit for twitter and elon has bazillions.
breh... my nuts look like when you pop popcorn on a stove.
i get it.
i also get numbers... and they aint no liars.
elon has the money to fuck shiet up.
the prob is twitter peeps have either blue or purple hair.
This. Vanguard, blackrock and the other index funds control the vote for their investors money. This is how they control all the corporate voting. They don’t care about Twitter they care about information control.
As long as the old money funds own 51% and don’t sell, there is no way Elon is going to be allowed to buy Twitter.
assuming Musk isnt an insider.
No they don't. They have to pursue the mission as voted on by the shareholders at the annual general meeting
U W0T?
A poison pill is in line with their fiduciary duty. This is well entrenched in corporate law.
BRAH...
ELON SWINGING HIS DICK W/ 10% OWNERSHIP.
AND THESE BLUE-HAIRED CUCKLORDS THINK THEY GONNA SWAY TWITTERS FUTURE?
ya seen the ownership %?
fiduciary my ass.
Fiduciary duties are not made obsolete just because a potential acquirer has a large ownership percentage, or that the board does not. Frankly, it is actually pretty uncommon for directors themselves to have large equity holdings. Typically, the directors are appointed by shareholders that have large equity holdings, knowing that the respective shareholder can vote them out if the director starts acting against their interest.
elon = take'n more than 1 company into unicorn territory
twitter board = professional circle jerkers. they also help each other to dye any roots coming in.
elon = owns more twitter X 5 than any on the board
the board-cucks have NO ROOM to think theyre the smartest in the room.
I think you fundamentally misunderstand what a fiduciary duty is. It is to the shareholders, not between board members.
I am honestly kind of confused what you're taking issue with. That Elon is not on the board? You realize that was his decision right?
yah, elon didnt want on the board. fo'sure.
why? cause board "rules" state anyone on the board cannot own more than 14.9% shares of twatter.
of course he denied them blue-hairs. smart move.
FUIDUCIARY = MAKE MY FCUKN SOME MONEY, HONEY. FUCK YOUR POLITICS. ... AND APPARENTLY, THE RICHEST PERSON IN THE WORLD, WHO HAS TAKEN MULTIPLE COMPANIES TO THE PINNACLE OF THEIR RESPECTIVE INDUSTRIES, WANTS TO BUY THE COMPANY.
YAH... LET THE FUCK BUY THE COMPANY.
and stop listening to Patrick. y'all shoulda done something when he started showing up the board meeting in full chainmail. fuckn larper.
That's quite the, uh, vocabulary you got there my friend, lol. Happy Easter.
these board-cucks soooooo want elon to join the board so their fuckery can execute.
imma call it. even w/ 10% elon ownership, the board-cucks gonna figure out how to sap his power.
again, fiduciary my fuckn ass.
Who puts MBA after their name?
Mega Beta Assholes do.
Corporate management in formal documents.
Early life?
According to California law passed two years ago, part of a corporate board must be LGBTQ. Which ones?
Fei Fei Li sounds like a chinese hooker I fucked once. Is she hot?