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It does seem like a direct conflict of interest. This will be interesting to watch if there are any challenges from the SEC.
by pdq 10y ago
It does seem like a direct conflict of interest. This will be interesting to watch if there are any challenges from the SEC.
- partiallypro 10y agoThe CEO is his cousin, but he has recused himself of voting on the deal. I doubt the SEC & FTC will care; Wall Street on the other hand, I think they all see what this is about.
- jonknee 10y agoElon is the chairmen of both companies... It's definitely unusual.
- partiallypro 10y agoI didn't say it wasn't unusual, just that the SEC and FTC likely won't bat an eye.
- chc 10y agoAccording to the announcement, Musk has recused himself from voting on this proposal on either side. It seems unlikely that the SEC would see funny business on Musk's part in a decision that was made by everyone except Musk.