> They then elect a board of people who will approve whatever they want. As others have mentioned, Twitter has a staggered board, meaning not all board members

> They then elect a board of people who will approve whatever they want. As others have mentioned, Twitter has a staggered board, meaning not all board members are up for election at the same time. Replacing the board would take years in a hostile takeover. Patrick Boyle did a great video on this which is slightly less relevant now that the board has accepted the offer but still is a reasonable intro to corporate governance: https://youtu.be/QXxeyOVpnCU https://youtu.be/QXxeyOVpnCU