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Uh, he also got removed as a chairman. Having the sense to review tweets is different than having an SEC settlement enforcing such action.
by anth_anm 8y ago
Uh, he also got removed as a chairman.
Having the sense to review tweets is different than having an SEC settlement enforcing such action.
- elliekelly 8y agoRemember, the SEC's function is to protect investors. Likewise, the function of the Chairperson of the Board is to represent investors on the Board. The SEC didn't remove Musk as Chair to punish him for his actions. The settlement required Musk to step down as Chair to give investors the representation they're entitled to because Musk didn't fulfill the fiduciary obligations of the role.