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Has there ever been an instance where a public company was brought private and the board of directors stuck around? This article seems odd to me, framing the si
by Our_Benefactors 4y ago
Has there ever been an instance where a public company was brought private and the board of directors stuck around? This article seems odd to me, framing the situation like Elon is somehow doing something out of the ordinary.
- gotorazor 4y agoI think it is normal to setup a new board after an acquisition -- usually with all the people that help finance the deal and maybe an independent director or 2. A "sole director" in a multi-billion dollar company is strange.