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I understand that these are not equivalent violations. That said it's not dumb to say that the SEC sure seems to be very selective in which laws they actually
by woeirua 6y ago
I understand that these are not equivalent violations.
That said it's not dumb to say that the SEC sure seems to be very selective in which laws they actually enforce with teeth versus which ones they seem to just let slide.
If any other CEO had done what Musk has done, they would have been fired by their board, and hopefully the SEC would have fined them, and prevented them from serving as an executive in a publicly traded company again. It's absurd.
- s1artibartfast 6y ago>If any other CEO had done what Musk has done, they would have been fired by their board, and hopefully the SEC would have fined them, and prevented them from serving as an executive in a publicly traded company again. It's absurd. Do you have any evidence to back up you assertion that the SEC would have come down on others harder?
- kortilla 6y agoBeing fired by your board has absolutely zero relationship to the SEC and is entirely dictated by the nature of power between the board and the CEO. If the CEO owns a controlling interest (or CEO+family), the board will have no teeth and will never fire him/her. Zuck won’t be fired and Bezos won’t be fired for the same reason.