Though this happened at GE too over a long time with a traditional corp gov structure. I'm blanking on the tech company [1] that recently gave into the pro-tra

Though this happened at GE too over a long time with a traditional corp gov structure. I'm blanking on the tech company [1] that recently gave into the pro-traditional corp gov people and gave up their super-voting shares, only for Wall St. to start screwing them and the long-term of the company, which was reported as a blow for the pro-trad corp gov people. It's a hard call, but I think I'm still for close control by the founders. Sure Elon might've promised too much and pushed Tesla too far, but if they put in a former auto exec I suspect the company wouldn't be as far along as it is. The SolarCity acquisition OTOH seems like Elon taking a bonus for himself and having the power (via his votes, but also who he is for the company / execution) to make the board go along with it. I suspect Neumann's investors are in too deep to challenge his craziness (sound like anyone else?) but the market rightly smells bullshit. [1] I heard about it on Pro Rata the other day.