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The board's behavior is a really interesting point. On one hand, they are doing the owners (stockholders) a dis-service by first being gullible enough to be suc
by spfzero 4y ago
The board's behavior is a really interesting point. On one hand, they are doing the owners (stockholders) a dis-service by first being gullible enough to be successfully kept ignorant about the company's security situation, and then not making rapid management changes upon being alerted to it(by Mudge, it seems). On the other hand, if they can successfully get Musk to pay the offer price, they have then represented the owners interests very effectively.
The fact that the case is coming up soon makes me think that the board thinks they can focus on the case for now, and fix the company's problems later, after the case, if they win it. If the case looses, they'll be out of a job anyway and it will be some other board's problem.
- londons_explore 4y ago> The board's behavior is a really interesting point The board know about the poor security. But they also see the Equifax leak (far worse than the data twitter holds), and how small that fine was, and they make the conscious decision not to invest in security. They also know they might be given government incentive money/contracts to increase security against foreign agents. If they do the work now, they won't get paid that money. Win win!
- encryptluks2 4y agoThank you for pointing out that the Equifax data breach was much worse. Twitter is just an easy target because politicians use the platform to spread their political message, and so if they can threaten them then that only helps the platform cater to their cause.