2 ms·

The board decided to sell, not the C-level suite because they do not have that power.

• iav 4y ago
  The C suite has an incredible amount of influence to block a deal with a non-strategic acquirer like Elon. The threat of all executives resigning en masse can knee cap a business.
  • freejazz 4y ago
    That's true, but it wasn't the question.
    • smcl 4y ago
      What was the question? I don’t see any
• rst 4y ago
  Parag Agrawal, as CEO, was also a member of the board. (This is pretty common practice, among both private and public companies.)