Ah but cash is dangerous, in a proxy fight it can be used to fund a leveraged buyout. Harder to do with various share classes restricting voting rights but even

Ah but cash is dangerous, in a proxy fight it can be used to fund a leveraged buyout. Harder to do with various share classes restricting voting rights but even so. Consider SpaceX, its a growing business that took what, 10 billion in capital? That is below the 'material' threshold for some of these companies holding 100 to 300 billion dollars in cash equivalents.