4 ms·

There's no understanding what he's done, really. He could've pursued a traditional m&a strategy with real diligence and been able to back out when the market ma

There's no understanding what he's done, really. He could've pursued a traditional m&a strategy with real diligence and been able to back out when the market made it clear he was overpaying. He could've bought 10 or 15% and gotten a board seat and then gotten any information he wanted. A fun thing to think about: how much of what he accomplished in reality could he have accomplished if he'd only bought enough to get a board seat?

nocoiner 4y ago
But he had exactly that option. He quite deliberately chose not to join the board when he learned about the obligations of corporate board members to shareholders as a whole. No doubt he would have been influential as a board member, but there’s no way he would have been able to change as much as he’s had (or get the rest of the board to accede to the massive vaporization of equity value).