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I was wondering about this - what's to stop him from creating 3 permanently sealed South Dakota trusts, acquiring 14% in each, and combined with his personal sh
by baby-yoda 5y ago
I was wondering about this - what's to stop him from creating 3 permanently sealed South Dakota trusts, acquiring 14% in each, and combined with his personal share calling a vote and immediately rejecting the poison pill and firing the board?
- rootusrootus 5y agoIIRC Twitter already has rules about shareholder votes, and it couldn't happen until next year at the earliest. There's no provision for shareholders to call for a vote at any random time.
- deleted 5y ago[deleted]
- tptacek 5y agoThe lawyers thought about that the day poison pills were invented. It's in the very first lines of the shareholder rights agreement.
- boringg 5y agoWait what is a permanently sealed South Dakota trust? And how do I get one of those interesting sounding mechanisms.