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To be held in contempt may not mean much to Musk. The SEC apparently takes violations of agreements seriously, as it should. We don't need companies building up
by unityByFreedom 8y ago
To be held in contempt may not mean much to Musk. The SEC apparently takes violations of agreements seriously, as it should. We don't need companies building up their valuations with fake news so that we can end up with another 2008. It's in taxpayers' interest to keep misleading CEO's like Musk in check. And, this is a very small "check" to his power. In fact, it is something he already agreed to do. If he didn't want to follow the agreement, he didn't need to settle with the SEC, which is what he did for about a day before turning back and settling with them.
It seems he is changing his mind again about that settlement. Apparently nothing is settled with Musk. He changes his mind daily. How can someone run a company like this? Employees must be afraid to do anything without his say-so, and even then it may not hold true for long.