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Just another example of Musk being a prick. This isn't even about money - any reasonable sized company has D&O Insurance which covers the legal costs for execut
by SilverBirch 4y ago
Just another example of Musk being a prick. This isn't even about money - any reasonable sized company has D&O Insurance which covers the legal costs for executives in exactly this situation, so if they wanted to they could just hand over the money, claim it on the insurance and it wouldn't cost them much. What's interesting is that this has been filed in Delaware, but Musk in the last few days just completed paper work to move Twitter to Nevada. Presumably he is jurisdiction shopping to try and face less liability, I guess we'll see if it works.
- runamok 4y ago> any reasonable sized company has D&O Insurance What are the odds he's been paying that bill?
- ksherlock 4y agoTwitter doesn't have directors and officers anymore, it has Musk ... so unlikely. Tesla no longer has D&O insurance since they're uninsurable after their D&O insurance settled a shareholder derivative lawsuit (I think it was over the solar city bailout but maybe it was over 420 secured).
- kernal 4y agoWhy should the new owner pay the legal expenses for an ex-CEO that brought these legal issues upon himself?
- tzs 4y agoThe new owner isn't being asked to pay. The company is being asked to pay.