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You are speaking from the alternate universe where people care if any of this stuff is ethical. In reality only a tiny cohort of message board nerds (I'm includ
by anm89 4y ago
You are speaking from the alternate universe where people care if any of this stuff is ethical. In reality only a tiny cohort of message board nerds (I'm including myself) care and 95% of twitter users, if they ever hear about it all will be over it in about 5 seconds.
- colechristensen 4y agoBut activist shareholders could sue the board / executives for breach of their duties and get money out of it. Whether or not they actually care, they could pretend to care in order to profit from it. Regardless if it’s true, they could say they lost out on Elons buyout because the board acted inappropriately before and during the buyout negotiations.
- nawgz 4y agoYou are making the risk assessment the expected value of legal action is higher than the expected value of market returns or other applications of that same fund. I'm not sure where you gained such confidence.
- throwoutway 4y agoFiduciary responsibility is not an alternate universe. Neither are ethics rules. Publicly traded companies have many rules they need to follow, and executives & board members can face suits & fines for breaking them