4 ms·
Leadership didn’t necessarily want this, shareholders did. Musk paid a huge premium in perhaps the worst takeover deal in a decade. If the ceo and board had no
by kasey_junk 4y ago
Leadership didn’t necessarily want this, shareholders did. Musk paid a huge premium in perhaps the worst takeover deal in a decade.
If the ceo and board had not taken the deal they would have been (rightly) ousted by the shareholders who lost tons of money.
- badpun 4y ago> Leadership didn’t necessarily want this, shareholders did. Musk is the shareholders though? Him and come-alongs, such as Larry Ellison.
- javagram 4y agoMusk only owned about 10% of TWTR when the takeover attempt started. The majority of twitter shares were held elsewhere by shareholders who were more than happy to legally force Musk to pay ~2x market value for them after the tech stock market collapse.