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If he wasn’t chairman, they couldn’t have taken that away from him in the settlement, so he might have suffered a different punishment.
by ec109685 8y ago
If he wasn’t chairman, they couldn’t have taken that away from him in the settlement, so he might have suffered a different punishment.
- threeseed 8y agoThey likely would’ve just pushed for more independent board members. It’s very clear what the SEC has done. Which is send a warning sign that this is Musk’s last chance before he is fired. I don’t think they wanted to punish him any more than that.
- pavlov 8y agoMy train of thought was that Musk probably wouldn’t have ended up tweeting “funding secured” in a situation where he’d be accountable to an external chairman of the board. A bit of governance might have been useful these past months.
- cryptonector 8y agoExactly. It wouldn't have been his place to negotiate, not without chairman approval, and certainly not by himself. There would have been an adult in the room.