4 ms·
>>They can bar him from serving in any fiduciary capacity on behalf of any company under their jurisdiction. Seems like a nice idea to encourage him to start a
by kamaal 8y ago
>>They can bar him from serving in any fiduciary capacity on behalf of any company under their jurisdiction.
Seems like a nice idea to encourage him to start a car company some where in Germany. Also the fact that over zealous prosecutors go after industrialists won't exactly motivate(more like scare away) people wanting to start companies.
Sometimes you must opt not to fight a few contests. The fact that you can win, means a net negative in the larger scheme of things.
- ceejayoz 8y agoIs there any reason to believe Germany's version of the SEC wouldn't have similar issues with this sort of behavior?
- elliekelly 8y agoNot at all. In my experience European financial regulators are significantly less likely to tolerate companies trying to argue technicalities as Musk's team has done in response to the SEC's show cause order. European regulators expect compliance with the spirit of the law while U.S. regulators tend to expect compliance with the black letter law. Certainly pros & cons to both approaches but Musk's behavior certainly wouldn't fly under either regime.
- sangnoir 8y ago> Also the fact that over zealous prosecutors go after industrialists won't exactly motivate(more like scare away) people wanting to start companies. Strange how the invisible hand of the market gets paralyzed when it comes to "job creators". If every industrialist relocates to the Bahamas or Panama but the opportunity for new companies is still there - new people you've never heard of will crop up to start them!