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You speculated that this deal was more to his liking than the previous one. I was just pointing out how absurd that statement was given that this deal is worse
by bjl 8y ago
You speculated that this deal was more to his liking than the previous one. I was just pointing out how absurd that statement was given that this deal is worse than the other one in every respect.
- FartyMcFarter 8y ago> this deal is worse than the other one in every respect. Is it? I thought the other settlement included Musk not being able to lead companies for two years: https://www.marketwatch.com/story/elon-musk-rolling-the-dice-and-buying-time-by-turning-down-sec-settlement-2018-09-28 https://www.marketwatch.com/story/elon-musk-rolling-the-dice...
- kentm 8y agoAccording to https://www.nytimes.com/2018/09/28/business/elon-musk-tesla-sec-deal.html https://www.nytimes.com/2018/09/28/business/elon-musk-tesla-... the original terms were The plan, as it was negotiated by lawyers, was for Mr. Musk to step down as chairman of Tesla within 45 days and not resume that post for two years. The company, also a party to the proposed agreement, would add two new directors to its board. Mr. Musk and the company would pay tens of millions of dollars in fines, according to the people, who requested anonymity because they were not authorized to speak publicly. In other words, it’s the exact same deal presented before with some of the penalties increased. There’s no other way to explain it than Musk rejected the real and then realized he messed up when the SEC started with the lawsuit.