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The board seat was granted in tandem with a guarantee from Musk that he will limit the number of voting shares he amasses. I don’t think it’s an uncommon arrang
by divbzero 5y ago
The board seat was granted in tandem with a guarantee from Musk that he will limit the number of voting shares he amasses. I don’t think it’s an uncommon arrangement when an outside investor joins the board.
- paxys 5y agoIt's a standard clause for anyone getting into any relationship with a company. Your own employee agreement probably has a similar one. Ultimately if he does want to buy more he can resign from the board with one Tweet.