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> Wow, with Jack departing, the Twitter board collectively owns almost no shares! Objectively, their economic interests are simply not aligned with shareholders
by hirundo 5y ago
> Wow, with Jack departing, the Twitter board collectively owns almost no shares! Objectively, their economic interests are simply not aligned with shareholders.
Since they own no appreciable equity in Twitter except for Jack, their power is in proportion to Twitter's capacity to moderate content, not the market value. Elon threatens that. It would be shocking if they did not fight him.
- fred_is_fred 5y agoDo most boards have appreciable equity in the company? I don't think that's the norm for publicly traded companies.